Settlement Structure: Claims Made
Active: Open
Case Summary:This settlement resolves a class action alleging IH Mississippi Valley Credit Union fees charged customers improper APPSN and Retry fees. APPSN fees are those charged when an account has sufficient funds when a debit card transaction is approved but insufficient funds when it is settled. Retry fees are those charged when an Automated Clearing House (ACH) or check transaction that was previously rejected for insufficient funds is resubmitted by the merchant and funds are still insufficient. The complaint alleged that IH Mississippi Valley Credit Union breached its own member agreement when it charged these fees.
Docket Number:2019-CH-299
Company: IH Mississippi Valley Credit Union
Filing Deadline: January 1, 2100
Class Period: December 1, 2012 to April 30, 2019
Objection Deadline: November 28, 2022
Exclusion Deadline: November 28, 2022
Final Approval Hearing: January 26, 2023
Proof of Purchase:You do not have to provide proof.
Eligibility:You may be eligible if you are a current or former member of IH Mississippi Valley Credit Union who was charged certain APPSN fees between January 1, 2018 and April 30, 2019 or Retry fees between December 1, 2012 and April 30, 2019, and you did not receive a refund of the fees. If you received an email or postcard notice, then you are likely a class member.
Typical Settlement Amount:If you are a current member of the credit union, your account will be credited. If you are a former member, a check will be sent to the address to which the postcard notice of the settlement was sent or to another address you provide. If you did not pay the fees and they are still uncollected, you will automatically receive any forgiveness you are entitled to.
Total Settlement Amount: $1,425,000
Class Representative Proposed Incentive Fee:$10,000
Law Firms:
Carlson Lynch Sweet & Kilpela
Kaliel Gold PLLC
Case Name: Deanna Rivera v. IH Mississippi Valley Credit Union
Settlement Website: Rivera Overdraft Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Deanna Rivera v. IH Mississippi Valley Credit Union
Settlement Administrator
P.O. Box 6719
Portland, OR 97228-6719
800-405-8092