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Bank of America Credit Card eBill AutoPay Settlement

Bank of America, NA is settling a class action alleging that it offered confusing payment options for its eBill AutoPay credit card payment program. The complaint alleged that the “Amount Due” option was confusing because it paid only the minimum amount due and not the full amount due, so that customers ended up maintaining a  Read more

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

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 Multiple NSF, OD Fees on One Item Class Action

Overdraft and non-sufficient funds fees fall most heavily on those who can least afford them, says the complaint for this class action. The complaint alleges that Sunflower Bank, NA routinely charges customers two or more non-sufficient funds (NSF) fees or overdraft (OD) fees on a single transaction. It claims that this practice violates the terms  Read more

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

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

Zions Bancorporation Deposit Availability and Fees Class Action

Zions Bancorporation, NA has eight different brands: AmegyBank, California Bank & Trust, the Commerce Bank of Oregon, the Commerce Bank of Washington, National Bank of Arizona, Nevada State Bank, VectraBank Colorado, and Zions Bank. The complaint for this class action alleges that the bank imposes two unfair practices that target its most vulnerable customers: it  Read more

Wells Fargo Buydown Settlement

Wells Fargo Bank, NA is paying nearly $7 million to settle a class action related to its Buydown Agreements or Buydown Deposit Agreements. The complaint alleged that Wells Fargo (1) violated the federal Truth in Lending Act (TILA) by improperly disclosing the interest rate that would be in effect during the buydown; (2) used a  Read more

Credit Union 1 Multiple Non-Sufficient Funds Fees on One Item Class Action

Credit Union 1 (CU1) is the second-largest credit union in Alaska. The complaint for this class action alleges that CU1 has improperly been charging additional fees on a single item if it gets presented for payment more than once. Until it changed its disclosures, the complaint says, the multiple charges on single items violated its  Read more

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