Settlement Structure: Claims Made
Active: Open
Case Summary:Navy Federal Credit Union is paying some $16 million to settle a class action alleging that it charged customers “representment” fees, or multiple non-sufficient funds (NSF) fees on a single item and that this breached its contracts with customers. The complaint claimed that when an item that had previously been refused payment for insufficient funds was presented again for payment, Navy charged a second and/or third NSF fee to reject the item. These fees are called “representment fees.”
Docket Number:1:19-cv-00103-LO-MSN
Company: Navy Federal Credit Union
Filing Deadline: January 1, 2100
Class Period: January 28, 2014 to October 27, 2020
Objection Deadline: February 24, 2021
Exclusion Deadline: February 24, 2021
Final Approval Hearing: March 26, 2021
Proof of Purchase:Presumably Navy’s records will be used for verification. No claim forms are needed for this settlement.
Eligibility:You may be eligible if you have or had a Navy Federal Credit Union account and were charged representment NSF fees between January 28, 2014 and October 27, 2020.
Typical Settlement Amount:Final payment amounts will be based on the number of settlement class members and the amount each paid in representment fees on certain transactions.
Total Settlement Amount: $16 million
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Kaliel Gold PLLC
Kopelowitz Ostrow Ferguson Weiselberg
Tycko Zavareei
Case Name: Ruby Lambert v Navy Federal Credit Union
Settlement Website: Navy Federal Credit Union Multiple NSF Fees Settlement Website
Claims Administrator:
JND Legal AdministrationD
Lambert Representment NSF Fee Settlement
c/o JND Legal Administration
P.O. Box 91190
Seattle, WA 98111
info@lambertnsffeelitigation.com
1-833-707-1452