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

BBVA Name at Top of Large Building

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

Cabrillo Credit Union Name and Logo

Wells Fargo Reg E Ambiguous Disclosures California Class Action

Wells Fargo & Company and Wells Fargo Bank, NA violate Federal Reserve Regulation E, says the complaint for this class action. What is Reg E? It sets forth requirements that banks must meet before charging customers overdraft fees on one-time debit card or ATM transactions. The complaint alleges that Wells Fargo’s disclosures are ambiguous and  Read more

Wells Fargo Sign with Stagecoach Logo

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

KeyBank Location

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

Equity Bank Name and Logo

Liberty Bank Overdraft Disclosures Non-Compliant with Reg E Class Action

Banking customers nowadays cannot be charged overdraft fees on certain items if they do not affirmatively opt in to their bank’s overdraft program. This class action brings suit against Liberty Bank, alleging that its disclosure and opt-in document “provides ambiguous and inaccurate language” in describing when the bank will charge overdraft fees. The complaint alleges  Read more

A Liberty Bank Location

Hanscon FCU Unlawful Imposition of Fees Class Action

Hanscom Federal Credit Union, claims the complaint for this class action, seeks “to maximize the fees it imposes on members.” It does this, the complaint says, by charging overdraft (OD) or nonsufficient funds (NSF) fees on accounts that had enough money to cover the transactions, and by imposing more than one NSF fee on a  Read more

A Hanscom FCU Location

Boeing Employees Credit Union Improper Transfers and Fees Class Action

We’ve seen class actions against banks and credit unions for charging multiple nonsufficient funds (NSF) fees on a single item. This class action against Boeing Employees Credit Union (BECU) also complains about making improper transfers between business and personal accounts and processing items out of order.  Read more

BECU Logo

Sandia Laboratory FCU Improper Overdraft Fees Class Action

This class action brings suit against Sandia Laboratory Federal Credit Union (SLFCU) for charging overdraft (OD) fees when no overdraft has actually occurred. The complaint alleges that customers have been charged OD fees when their accounts had enough money in them to cover the transaction in question.  Read more

Sandia Laboratory FCU Sign in Front of Building

BBVA Improper Charging of OD/NSF Fees California Class Action

In recent years, fees have earned a substantial portion of banks’ revenue. The complaint for this class action brings suit against BBVA USA for two practices related to fees: (1) charging overdraft (OD) fees on transactions that do not actually overdraw accounts, and (2) charging more than one non-sufficient funds (NSF) fee on a single  Read more

BBVA Name at Top of Large Building