St. Anne’s Credit Union Unclear Reg E Disclosures Complaint

March 18, 2021

Federal Reserve Regulation E sets the conditions under which your bank or credit union can charge you overdraft fees on transactions that are not recurring. This class action alleges that St. Anne’s Credit Union (SACU) has violated these rules. The complaint claims that the document used by SACU to inform customers about these fees “provides ambiguous and inaccurate language to describe under what circumstances a customer is subject to an overdraft fee.”