Consumer Protection Law
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That is unusual for a company to send a refund check for transactions that occurred 7-8 years ago, because generally the statute of limitations would have run by then. You can find out if other people are contemplating a class action, or if a class action has in fact been initiated by checking with www.topclassactions.com.
If they did not include interest, you can send them a demand letter requesting interest fees; but again generally actions based on events this old are beyond the statute of limitations.
I have done some research and cannot find indication of other consumers receiving a check, but it is possible there is no information if, for example, no one is complaining. You may want to contact the company to ensure that it is not a scam, however, because if you deposit it in your account, they will be able to access your financial information.