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Synchrony Bank Interest Rate Omission on Statement Class Action

The Truth in Lending Act (TILA) requires that lenders provide complete and accurate information about things like interest rates. The complaint for this class action, however, alleges that Synchrony Bank provided “disclosures with inaccuracies or omissions that violated” TILA in connection with its credit card accounts.  Read more

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

Banner Bank Multiple Return Fees on One Item Class Action

If your bank charges you a Return Item (RI) fee for an item it rejects for payment, can it charge you a second such fee on the same item? The complaint for this class action says no, in the case of Banner Bank, because its account documents do not allow for such a practice.  Read more

Navy Federal Credit Union Foreign Fees for Online Purchases Class Action

Is a transaction by an American in the US at a foreign website a foreign transaction? Should it be subject to the additional International Service Assessment Fees (ISAF) charged by banks and other credit or debit card companies for foreign transactions? This class action, against Navy Federal Credit Union (NFCU) says no.  Read more

Capital One Out-of-Network Balance Check Fee Settlement

Capital One is paying $13 million to settle a class action alleging that it charged accountholders improper fees. The complaint alleged that when accountholders made balance inquiries at out-of-network ATMs, Capital One charged fees that breached its contracts with the customers. An out-of-network ATM is one that is not part of Capital One’s fee-free ATM  Read more

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

Chase Bank Military Member Credit Card Holders Settlement

JPMorgan Chase Bank, NA is paying $62 million to settle a class action alleging it did not reduce the interest rates on the credit card accounts of service member customers. The complaint alleges that Chase’s behavior violates the Servicemembers Civil Relief Act, the Truth in Lending Act, Delaware’s Consumer Fraud Act, and breach of contract.  Read more

Bank of America Unauthorized Escrow Account Class Action

Bank of America is a large entity, with a portfolio of outstanding consumer loans worth $236 billion. But the complaint for this class action alleges that the bank sells consumers add-on products with their mortgages that they do not want. In addition, the complaint says, it may be difficult for consumers to get rid of  Read more

PNC Bank Unauthorized Withdrawals TILA Class Action

May a bank simply reach into your checking account to get funds to pay for a loan? The complaint for this class action says no. It brings suit against PNC Bank, NA for making unauthorized withdrawals to customer checking accounts to pay debts from a Home Equity Line of Credit (HELOC).  Read more

Arkansas Banks Refusal to Pay PPP Agent Fees Class Action

This class action brings suit against a group of Arkansas banks, alleging that they have refused to pay agents who helped to prepare small businesses’ applications for the Paycheck Protection Program (PPP), even though the program provides for such payments to agents to be taken out of the fees paid to the banks that participated  Read more