Insufficient or Non-Sufficient Funds Fees
Trustco Bank Charging Multiple Fees on a Single Item Class Action
If an item is submitted for payment a second time, does it become a second item? Or is it still the same item? The complaint for this class action alleges that Trustco Bank improperly charges multiple $36 fees on a single item and that this practices violates its account agreements. Read more
Earnin Overdraft/NSF Fees Settlement
Activehours, Inc., which does business through the Earnin App, is settling a class action for $3 million. The complaint alleged that some customers were charged overdraft or non-sufficient funds (NSF) fees in their bank or other accounts after Earnin made a withdrawal, and also that Earnin’s marketing did not adequately explain this risk of using Read more
City National Bank and Trust Overdraft and NSF Fees Reg E Class Action
Banks may charge overdraft (OD) fees on one-time debit and ATM transactions provided they meet the requirements of Federal Reserve Regulation E, with proper disclosures to, and consent from, the customer. However, the complaint for this class action alleges that the City National Bank and Trust Company of Lawton, Oklahoma does not do this. The Read more
Navy Federal Credit Union Multiple NSF Fees Settlement
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 Read more
KeyBank Overdraft and Nonsufficient Funds Fees Class Action
KeyBank, the complaint for this class action alleges, charges customers improper overdraft (OD) and nonsufficient funds (NSF) fees. It alleges that the bank charges customers OD fees in improper circumstances and charges more than one NSF fee on a single transaction. Read more
Equity Bank Overdraft and Non-Sufficient Funds Fees Class Action
Two practices are at issue in this class action. The complaint alleges that Equity Bank (1) charges overdraft (OD) fees on accounts that were never actually overdrawn, and (2) charges more than one non-sufficient funds (NSF) fee on a single item. These practices, the complaint says, breaches the bank’s contracts. It refers to them as Read more