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TD Bank NSF and OD Fees Charged on Same Item Class Action

When an item is presented against an account with insufficient funds, TD Bank, NA has two choices: It can pay the item, charging the customer an overdraft (OD) fee of $35, or it can return the item, charging the customer a nonsufficient funds (NSF) fee of $35. However, the complaint for this class action alleges  Read more

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BECU Overdraft and Nonsufficient Funds Fees Settlement

The Boeing Employees’ Credit Union (BECU) is putting up $6 million to settle a class action alleging that it violated the Washington Consumer Protection Act and Washington common law by imposing overdraft and nonsufficient funds (NSF) fees on consumers in certain situations. The complaint alleged that BECU charged the fees when accounts showed insufficient funds  Read more

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Sunflower Bank Overdraft Charges on Debit Holds Class Action

Can a bank charge overdraft (OD) fees on a transaction that doesn’t overdraw an account? That’s what Sunflower Bank, NA does with certain debit card transactions, alleges the complaint for this class action. The complaint claims that this practice is unclear to consumers, breaches the duty of good faith and fair dealing, and violates the  Read more

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Klarna “Buy Now, Pay Later” Plan and NSF Fees Class Action

Klarna, Inc. offers a “buy now, pay later” service to consumers who would like to spread out their payments for a purchase over time. The complaint for this class action alleges that the company makes misrepresentations and omissions in suggesting that the service is free, when in reality, users are all too likely to incur  Read more

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UMB Bank Debit Holds and Overdraft Fees Class Action

If your bank okays your debit transaction because you have sufficient funds in your account, can it later charge you an overdraft fee for that same transaction? The complaint for this transaction alleges that UMB Bank, NA authorizes debit transactions but later, at settlement, may claim there are now insufficient funds in the account and  Read more

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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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Credit Union of New Jersey Overdraft Fees Without Overdrafts Class Action

Credit Union of New Jersey (CUNJ), the complaint for this class action alleges, charges customers overdraft fees when their accounts are not actually overdrawn. The complaint claims that account statements for the plaintiff in this case show that the account never actually had a negative balance, but that CUNJ still assessed her overdraft fees, and  Read more

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St. Anne’s Credit Union Unclear Reg E Disclosures Class Action

Federal Reserve Regulation E sets the conditions under which your bank or credit union can charge you overdraft fees on transactions that are not recurring. This class action alleges that St. Anne’s Credit Union (SACU) has violated these rules. The complaint claims that the document used by SACU to inform customers about these fees “provides  Read more

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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

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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

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