May 6, 2022
Financial entities that provide banking services, like the defendant in this case, GPO Federal Credit Union, often earn money on overdraft (OD) fees. But the complaint for this class action alleges that GPO charges OD fees on transactions that do not actually overdraw customer checking accounts, with Authorize Positive, Purportedly Settle Negative (APPSN) transactions.
Case Event File: GPO Federal Credit Union Overdrafts with APPSN Transactions ComplaintRelated to: GPO Federal Credit Union Overdrafts with APPSN Transactions Class Action