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Redstone Federal Credit Union Multiple NSF Fees on One Item Class Action

Redstone Federal Credit Union (RFCU) charges a non-sufficient funds (NSF) fee of $25 when an item is presented for payment and it decides not to pay it because it would overdraw the customer’s account. But what happens when the same item is presented again, before more money has been added to the account? The complaint  Read more

Redstone Federal Credit Union Huntsville Downtown Rendering

Atlantic Union Bank Multiple Fees on a Single Item Class Action

Does Atlantic Union Bank obey the terms and conditions of its own account documents and fee schedule? The complaint for this class action alleges that Atlantic is supposed to charge only one $38 fee per item but that in fact it charges multiple fees on a single item.  Read more

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American Airlines Federal Credit Union Overdraft Fee Settlement

American Airlines Federal Credit Union is settling a class action alleging that it improperly charged members overdraft or non-sufficient funds fees in certain circumstances. The circumstances included settlements of “Authorize Positive, Purportedly Settle Negative” or APPSN transactions, where funds had previously been set aside; and Retry attempts for transactions that had previously been returned for  Read more

American Airlines FCU

AmeriCU Multiple NSF Fees and Improper OD Fees Class Action

This class action protests against two practices it alleges AmeriCU Credit Union improperly maintains: charging more than one non-sufficient funds (NSF) fee on a single transaction and charging an overdraft (OD) fee on transactions that did not actually overdraw accounts. The complaint alleges breach of contract and breach of the covenant of good faith and  Read more

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Alaska USA Federal Credit Union Retry Fee Settlement

Alaska USA Federal Credit Union is settling a class action alleging it charged members a Retry Fee when Automated Clearing House (ACH) and check transactions were resubmitted by a merchant after they had previously been rejected for insufficient funds. The complaint alleges that the second fee, for retrying the transaction, was not permitted by Alaska’s  Read more

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Bank of America Insufficient Funds and Overdraft Fees Settlement

Bank of America, NA (BANA) is paying $75 million to settle a class action alleging that it improperly charged insufficient or non-sufficient funds fees (and/or overdraft fees) involving the timing of actions in several situations, including for Retry Transaction Fees, for Intrabank Transaction Fees, and for Fee Accrual Claim Fees. The complaint alleged the bank  Read more

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Axos Bank Fees Not Permitted by Account Documents Class Action

The complaint for this class action claims, “Research shows that fees are the most important factor influencing consumers’ selection of a new banking provider.” It brings suit against Axos Bank, claiming that the bank misleads customers in its account documents as to the fees it will charge. At issue are (a) when it chooses to  Read more

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Municipal Credit Union Multiple NSF Fees on Rejected Payments Class Action

When a bank account does not contain sufficient fees to cover an item presented for payment, the financial institution may refuse to pay it and charge the accountholder a non-sufficient funds (NSF) fee. The complaint for this class action alleges that Municipal Credit Union goes farther and charges multiple NSF fees on a single item  Read more

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Amalgamated Multiple NSF Fees on a Single Item Class Action

Banks write agreements that govern the terms of their relationship with customers. The complaint says, “All the bank has to do is honor the contract it wrote and comply with the terms it dictated.” This class action brings suit against Amalgamated Financial Corp., which does business as Amalgamated Bank. The complaint alleges that it violates  Read more

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Nutmeg State Financial Credit Union Multiple NSF Fees Class Action

Nutmeg State Financial Credit Union, claims the complaint for this class action, took money from customer accounts without authorization. Why? Nutmeg removed the money as non-sufficient funds (NSF) fees for returned items or for overdraft (OD) fees for items previously returned, but the complaint alleges that Nutmeg did not have the right to do so,  Read more

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