Regulation E
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
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
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
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