BOKF Overdraft Class Action Lawsuit

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

The plaintiff in this class action lawsuit alleges that the Bank of Oklahoma (BOKF) improperly assessed overdraft fees for insufficient funds on debit card transactions, check card purchases, and/or ATM withdrawals by sequencing transactions in a high-to-low posting order, resulting in increased overdraft fees in some instances.

Docket Number:

CJ-2015-00859

Company: BOK Financial Corporation

Class Period: September 1, 2011 to July 8, 2014

Objection Deadline: April 17, 2017

Exclusion Deadline: April 17, 2017

Final Approval Hearing: May 15, 2017

Proof of Purchase: Eligibility:

This settlement includes all BOKF customers in the United States who had one or more accounts and who, from September 1, 2011 through July 8, 2014, incurred an overdraft fee as a result of the bank's high-to-low debit card transaction sequencing.

**NOTE** Eligible class members will automatically receive a payment, if you believe that you are eligible but did not receive a notice in the mail, then please contact the claims administrator.

Typical Settlement Amount:

Settlement shares will be representative of the value of the additional overdraft fees assessed on the holder due to BOKF's high-to-low practices.

Total Settlement Amount: $7,800,000

Class Representative Proposed Incentive Fee:

$5,000

Law Firm:
Webb Klase & Lemond LLC

Case Name: Corey Ratzlaff, et al. v. BOKF NA d/b/a Bank of Oklahoma, et al.

Settlement Website: Ratzlaff v. BOKF, N.A. Settlement

Claims Administrator:
Epiq Systems, Inc.

Claims Administrator Contact Information:

Ratzlaff v. BOKF NA Settlement Administrator
Epiq Systems Inc.
P.O. Box 2995
Portland, OR 97208-2995
1-844-565-4390
info@BOKFSettlementOverdraft.com

Tags: Overdraft Fees, Your Bank