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Desert Financial Credit Union Terms for One-Time Overdrafts Class Action

Regulation E sets forth the terms a bank or credit union must meet before it can charge customers overdraft fees for one-time transactions. Desert Financial Credit Union (DFCU) has not met the requirements, claims the complaint for this class action, alleging that DFCU’s disclosure and agreement provides “ambiguous and misleading language that misrepresents the circumstances  Read more

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Citibank Reclassification of PayPal, Venmo Purchases Class Action

The problem addressed in this class action has arisen from the use of mobile electronic payment (MEP) apps, like Venmo, PayPal, and Cash App to pay for purchases: How should these be classified by the linked banks and credit cards, and why does this matter? The complaint brings suit against Citibank, NA, alleging that the  Read more

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Genworth Long-Term Care Insurance Omissions on Rate Increases Class Action

Long-term care (LTC) insurance is expensive. When choosing which plan to buy, consumers must choose a policy that will be affordable over many years, until the time it is needed. This class action centers on price rises for LTC policies from Genworth Life Insurance Company and Genworth Life Insurance Company of New York. It does  Read more

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BBVA USA Overdraft Disclosures Violate Reg E California Class Action

The Federal Reserve has set forth Regulation E, which requires that banks and other institutions must make certain disclosures in a stand-alone document and obtain the consent of the consumer before they charge that consumer overdraft fees on one-time debit and ATM transactions. The complaint for this transaction alleges that BBVA USA violates Reg E  Read more

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Cabrillo Credit Union Overdraft Disclosures Violate Reg E California Class Action

Federal Reserve Regulation E requires that banks and other institutions must make certain disclosures and obtain agreement of the consumer before they can charge that consumer overdraft fees on one-time debit and ATM transactions that are not recurring. The complaint for this transaction alleges that Cabrillo Credit Union violates Reg E with its disclosures for  Read more

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Synchrony Bank Interest Rate Omission on Statement Class Action

The Truth in Lending Act (TILA) requires that lenders provide complete and accurate information about things like interest rates. The complaint for this class action, however, alleges that Synchrony Bank provided “disclosures with inaccuracies or omissions that violated” TILA in connection with its credit card accounts.  Read more

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My Business Venture Violation of Franchise Laws Class Action

Federal and sometimes state laws exist that govern the process of franchising. The franchises offered by My Business Venture (MBV) include a “digital storefront,” website hosting, access to products to sell, plus the shipping of the products to customers. However, if the franchisor does not provide disclosures about the realities of the business, the franchisee  Read more

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Matterport “Business Opportunity” and State Requirements Class Action

The sale of “business opportunities” are sometimes called “seller-assisted marketing plans” in state laws. This class action bring suit against Matterport, Inc. and seven of its individual business directors for advertising and selling supposedly lucrative business opportunities in the 3D camera industry which did not offer sufficient disclosures.  Read more

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