Overdraft Fees

California Coast Credit Union Disclosures for Overdraft Program Class Action

This class action takes aim at California Coast Credit Union (CCCU) for the disclosures it provides to customers before they agree to its overdraft program. The complaint alleges that CCCU violates Regulation E because it does not disclose that the credit union uses the “available balance” of the customer account to determine whether it is  Read more

JPMorgan Chase Balance Used to Determine Overdrafts Reg E Class Action

Before a financial institution can charge customers overdraft fees on one-time debit card and ATM transactions, it must fulfill the requirements of Regulation E. The complaint for this class action alleges that JPMorgan Chase Bank, NA and JPMorgan Chase & Co. do not fulfill these requirements because their disclosures do not make clear which account  Read more

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

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

TB Bank Overdraft Fees for Accounts Not Overdrawn Class Action

Banks claim to charge overdraft (OD) fees when they pay a transaction that can’t be covered by the funds in the account. But the complaint for this class action alleges that TD Bank, NA charges OD fees in some instances to pay transactions when funds had previously been set aside for exactly that purpose.  Read more

Access Federal Credit Union Overdraft Fees on Accounts Not Overdrawn Class Action

Banks and other financial institutions earn a lot of money on fees these days. The complaint for this class action alleges that Access Federal Credit Union has been charging overdraft (OD) fees on accounts that were never actually overdrawn, in violation of its own account agreements.  Read more

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

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

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

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