Settlement Structure: Claims Made
Active: Open
Case Summary:This settlement resolves a class action against Sound Credit Union, alleging it violated the Washington Consumer Protection Act and Washington common law. The complaint brought suit against Sound for charging borrowers for collateral protection insurance premiums, not fully refunding unearned premiums, and charging unauthorized fees and interest.
Docket Number:20-2-04853-0
Company: Sound Credit Union
Filing Deadline: January 1, 2100
Class Period: February 11, 2016
Objection Deadline: August 29, 2022
Exclusion Deadline: August 29, 2022
Final Approval Hearing: September 16, 2022
Proof of Purchase:You do not have to do anything to receive a payment.
Eligibility:You may be eligible if you lived in Washington, financed a motor vehicle through Sound Credit Union, and, at any point on or after February 11, 2016, you were charged more for, or as a result of collateral protection insurance than you otherwise would have been charged if Sound Credit Union had (1) notified you earlier or differently of alleged deficiencies in your insurance coverage, (2) used a pro-rata refund method, (3) not charged an administrative fee, or (4) not received an administrative reimbursement from the collateral protection insurance carrier or third-party collateral protection insurance administrator.
Typical Settlement Amount:Payments to individual class members of from $10 to $2,000.
Total Settlement Amount: $750,000
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Smith & Dietrich Law Offices, PLLC
Terrell Marshall Daudt & Willie PLLC
Case Name: Fealy v. Sound Credit Union
Settlement Website: Debra Fealy v. Sound Credit Union Website
Claims Administrator:
American Legal Claim Services, LLC
Fealy v. Sound Credit Union
c/o Settlement Administrator
PO Box 23668
Jacksonville, FL 32241
888-267-0132