Settlement Structure: Claims Made
Active: Open
Case Summary:M&T Bank will be paying $3.325 million to settle a class action alleging that it unfairly charged borrowers pay-to-pay fees for making mortgage payments online. The complaint alleged that these fees violated the Fair Debt Collection Practices Act, the Rosenthal Fair Debt Collection Practices Act, and the terms of the borrowers’ mortgage loan agreements.
Docket Number:2:19-cv-06958-ODW-KS
Company: M&T Bank Corporation
Filing Deadline: January 1, 2100
Class Period: August 9, 2015 to May 6, 2021
Objection Deadline: August 3, 2021
Exclusion Deadline: August 3, 2021
Final Approval Hearing: September 27, 2021
Proof of Purchase:You do not need to provide proof or take further action. Presumably company records will be used to determine class members.
Eligibility:You may be eligible if you are a borrower for a residential mortgage loan serviced by M&T, and M&T collected a pay-to-pay fee from you during the period of August 9, 2015 and May 6, 2021.
Typical Settlement Amount:Proportional share of the net settlement fund, on a loan-by-loan (not borrower-by-borrower) basis. For example, if your loan paid 1% of the total pay-to-pay fees collected by M&T during the class period, you (and any co-borrowers) will receive a payment of 1% of the total net settlement fund.
Total Settlement Amount: $3,325,000
Class Representative Proposed Incentive Fee:$10,000
Law Firms:
Bailey & Glasser
Tycko Zavareei
Case Name: Lisa Silveira v. M&T Bank
Settlement Website: M&T Bank Pay-to-Pay Fees Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Settlement Administrator
c/o Epiq
P.O. Box 3719
Portland OR 97208-3719
1-855-917-3514