Del-One Federal Credit Union Unclear Overdraft Disclosures Class Action

This class action brings suit against Del-One Federal Credit Union, alleging that Del-One does not fulfill the requirements of Federal Reserve Regulation E before it begins charging customers overdraft fees. The complaint claims that its disclosures offer “ambiguous and inaccurate language” as to when customers are charged overdraft fees and is therefore not compliant with  Read more

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TD Bank Improper Assessment of Overdraft Fees Class Action

Can a debit card transaction cause an overdraft at settlement if the bank approves it when it happens and sets aside the funds required to settle it? The complaint for this class action alleges that if the bank has set aside the funds for the transaction, its settlement should never result in an overdraft. Yet,  Read more

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CFCU Overdraft and Overdraft Transfer Fees Class Action

This class action protests two things: First, the complaint claims that CFCU Community Credit Union assesses overdraft (OD) fees on accounts that are not actually overdrawn. Second, it claims that it assesses overdraft transfer (ODT) fees on transfers made to avoid overdrafts, even when they do not actually avoid the overdraft, so that accountholders end  Read more


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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Wescom Central Credit Union Disclosures for Overdraft Program California Class Action

Federal Reserve Regulation E (Reg E) aims to ensure that banking customers are not enrolled in overdraft programs without their knowledge and that they are fully aware of their consent to enter one. But the complaint for this class action alleges that Wescom Central Credit Union violates Reg E requirements and also California’s Unfair Competition  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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First Merchants Bank Improper Overdraft Fees Class Action

First Merchants Bank (FMB) charges an overdraft (OD) fee of $37. That’s on the high side, but the complaint for this class action objects to something else. It claims that the bank charges OD fees on transactions that do not actually overdraw the account, violating its own Terms and Conditions of Your Account and overdraft  Read more

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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


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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