EFTA

OnStar Continued Withdrawals for Cancelled Subscriptions EFTA Class Action

Electronic Funds Transfer Act (EFTA) is intended to regulate electronic transfers of money between parties and to protect consumers’ rights relating to these transfers. The complaint for this class action alleges that OnStar, LLC has violated this act in continuing to make withdrawals from consumers’ bank accounts even after the consumers have terminated the services  Read more

JPMorgan Chase No Recourse for Fraud via Zelle Class Action

This class action brings suit against JPMOrgan Chase Bank, NA and Early Warning Services, LLC, which does business as Zellepay.com, or the money transfer service Zelle. The complaint alleges that Chase invites consumers to sign up for Zelle by implying that it is safe, when in reality, it claims, Zelle is “rife with fraud” and  Read more

Bank of America No Refunds on Zelle Fraud Class Action

Bank of America Corporation (BOA) was one of seven large banks that created the electronic payment service Zelle, which was designed to compete with other electronic money-transfer services like PayPal, Venmo, and CashApp. The complaint for this class action alleges that BOA promotes the use of Zelle by claiming it is “safe,” “secure,” and “easy,”  Read more

TBK Bank Overdraft Fees on APSN Transactions Class Action

The complaint for this class action claims that TBK Bank, SSB charges customers overdraft fees on debit transactions that were authorized on accounts that had sufficient funds. The complaint alleges that this practice is deceptive, breaches the bank’s deposit agreement as well as its OD Opt-In Form, and violates its duty of good faith and  Read more

Rhode Island Credit Union Overdraft Fees on APSN Transactions Class Action

The complaint for this class action alleges that Rhode Island Credit Union (RICU) improperly charges overdraft fees on certain debit transactions that were authorized with sufficient funds. “Besides being deceptive,” the complaint alleges, “this practice breaches [RICU’s] standardized adhesion contract” as well as its “duty of good faith and fair dealing[.]”  Read more

Coinbase’s Role and the Nature of Cryptocurrency Class Action

What exactly are cryptocurrencies? The complaint for this class action argues that they are securities, because their purchasers are hoping for their value to increase. It brings suit against Coinbase Global, Inc. and Coinbase, Inc., with the inciting incident being the breaching of a Coinbase account and the theft of funds, but it also brings  Read more

Capital One No Reimbursement for Zelle Fraud Class Action

Zelle, which facilitates money transfers between individuals, is owned and operated by seven large banks and used by customers of some 1,500 participant banks and credit unions. The complaint for this class action alleges that these participant institutions, like Capital One, NA, the defendant in this case, market Zelle as “as fast, safe and secure  Read more

BOA No Refund of Fraudulent Zelle Transfers Class Action

When a consumer suffers fraud through the most common forms of money transfers—via debit card, credit card, or check—banks have ways to recover money for the consumer. This class action concerns the Zelle system, and the fact that there is no way to recover money transferred that way in cases of fraud. The complaint bring  Read more

Bank of America Massachusetts Unemployment Debit Card Fraud Class Action

This class action bring suit for Bank of America’s (BOA’s) “egregious maladministration of its obligations” for the Massachusetts Department of Unemployment Assistance (DUA) benefits payment programs. The complaint alleges that BOA did not protect from fraud the benefits DUA was handing out to unemployed persons, using outdated BOA-DUA debit cards and offering inadequate customer service  Read more

American Income Life Insurance Unauthorized Withdrawals EFTA Class Action

The plaintiff in this case was a customer of American Income Life Insurance Company. This class action alleges that American Income sold an insurance policy to her sister, but then proceeded to take money out of her account, without her permission, to pay for it. The complaint alleges conversion and violation of the federal Electronic  Read more