USAA Federal Savings Bank Time to Stop Autopayments Complaint

December 25, 2020

According to the complaint for this class action, Regulation E establishes “the basic rights, liabilities, and responsibilities” for consumers and financial institutions for electronic funds transfers under the Electronic Fund Transfer Act (EFTA). This class action brings suit against USAA Federal Savings Bank, alleging that USAA violates the act by imposing its own rules as to when customers can stop preauthorized electronic funds transfers.