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Banco Popular Overdraft Fees on Accounts Not Overdrawn Class Action

This class action complains of a settlement practice that Banco Popular North America, which does business as Popular Community Bank engages in, known as Authorize Positive, Purportedly Settle Negative,” or APPSN. The complaint alleges that this results in the bank’s charging overdraft (OD) fees to customers on accounts that are not actually overdrawn.  Read more

GPO Federal Credit Union Overdrafts with APPSN Transactions Class Action

Financial entities that provide banking services, like the defendant in this case, GPO Federal Credit Union, often earn money on overdraft (OD) fees. But the complaint for this class action alleges that GPO charges OD fees on transactions that do not actually overdraw customer checking accounts, with Authorize Positive, Purportedly Settle Negative (APPSN) transactions.  Read more

Tonawanda Valley FCU Improper OD and NSF Fees Class Action

If customers overdraw their checking accounts, they may be required to pay an overdraft (OD) fee or a nonsufficient funds (NSF) fee for each such transaction. But the complaint for this class action alleges that Tonawanda Valley Federal Credit Union (TVFCU) charges customers an overdraft fee in certain circumstances when their accounts are not actually  Read more

Bank of Greene County Overdraft Fees on APPSN Transactions Class Action

When a transaction overdraws a checking account, many if not most banks charge an overdraft fee. The complaint alleges that the Bank of Greene County (BOGC) charges an overdraft (OD) fee for transactions that did not actually result in an overdraft, through something called Authorize Positive, Purportedly Settle Negative (APPSN) transactions.  Read more

Gate City Bank Multiple NSF Fees on a Single Item Class Action

The complaint for this class action brings suit against Gate City Bank, taking issue with its practices for charging insufficient or nonsufficient funds (NSF) fees. The complaint alleges that Gate’s account agreements say it will charge a single fee on such items, while in practice it may assess an additional fee if the item is  Read more

Bank of Guam Multiple NSF Fees on a Single Item Class Action

The Bank of Guam charges a non-sufficient funds (NSF) fee when an item is presented for payment and the respective account does not have the funds to cover it. But if the merchant presents the item again, does it have the right to charge the customer a second NSF fee? The complaint for this class  Read more

TD Bank Retry NSF Fee Settlement

TD Bank is settling a class action alleging it unfairly charged accountholders Retry NSF Fees. An NSF fee is one that is charged for an Automated Clearing House (ACH) or check transaction that was submitted by a merchant and returned unpaid by the bank because the account did not contain sufficient funds. A Retry NSF  Read more

Bank of America Promise to Refund OD and NSF Fees Class Action

“From the fourth quarter of 2019 through the second quarter of 2020,” the complaint for this class action claims, “the U.S. economy contracted by more than 19 percent, the worst downturn ever recorded.” Low-income workers were particularly affected by sudden layoffs, and many households were unable to pay their bills. Banks were asked to waive  Read more

JPMorgan Chase Six-State Interest on Escrow Settlement

JPMorgan Chase is settling a class action alleging it did not pay interest on escrow accounts where it was holding homeowners’ advance payments related to mortgages it was servicing, such as payments for property taxes and homeowner’s insurance. The states include Connecticut, Maryland, Minnesota, New York, Rhode Island, and Wisconsin.  Read more

Redstone Federal Credit Union Multiple NSF Fees on One Item Class Action

Redstone Federal Credit Union (RFCU) charges a non-sufficient funds (NSF) fee of $25 when an item is presented for payment and it decides not to pay it because it would overdraw the customer’s account. But what happens when the same item is presented again, before more money has been added to the account? The complaint  Read more