USAA Federal Savings Bank Time to Stop Autopayments Class Action

According to the complaint for this class action, Regulation E establishes “the basic rights, liabilities, and responsibilities” for consumers and financial institutions for electronic funds transfers under the Electronic Fund Transfer Act (EFTA). This class action brings suit against USAA Federal Savings Bank, alleging that USAA violates the act by imposing its own rules as  Read more

USAA Name and Logo

Navy Federal Credit Union Multiple NSF Fees Settlement

Navy Federal Credit Union is paying some $16 million to settle a class action alleging that it charged customers “representment” fees, or multiple non-sufficient funds (NSF) fees on a single item and that this breached its contracts with customers. The complaint claimed that when an item that had previously been refused payment for insufficient funds  Read more

Navy Federal Credit Union Name on Flag Background

KeyBank Overdraft and Nonsufficient Funds Fees Class Action

KeyBank, the complaint for this class action alleges, charges customers improper overdraft (OD) and nonsufficient funds (NSF) fees. It alleges that the bank charges customers OD fees in improper circumstances and charges more than one NSF fee on a single transaction.  Read more

KeyBank Location

Equity Bank Overdraft and Non-Sufficient Funds Fees Class Action

Two practices are at issue in this class action. The complaint alleges that Equity Bank (1) charges overdraft (OD) fees on accounts that were never actually overdrawn, and (2) charges more than one non-sufficient funds (NSF) fee on a single item. These practices, the complaint says, breaches the bank’s contracts. It refers to them as  Read more

Equity Bank Name and Logo

CitiMortgage Insurance Charges on Redemptions Class Action

In Kansas and in certain other states, homeowners who lose their properties in a foreclosure proceeding may redeem, or buy back, the property within a certain period after the sale. During the time the bank or other lender owns the property, it is likely to take out hazard insurance on it. The hazard insurance may  Read more

CitiMortgage Name/Logo

Fidelity Bank Insurance Charges on Redemptions Class Action

In certain states, homeowners who lose their properties in a foreclosure proceeding may redeem, or buy back, the property within a certain period after the sale. During the time the bank or other lender owns the property, it is likely to take out hazard insurance on it. The hazard insurance may only be in force  Read more

Wraparound Fidelity Sign on Building

Bank of New York Mellon Insurance Charges on Redemptions Class Action

When a bank forecloses on a property, it is likely to take out hazard insurance to protect it. This hazard insurance may only be in force for a matter of months if the former owner or an assignee redeems the property. However, the complaint for this class action alleges that the Bank of New York  Read more

Tall Building with BNY Mellon Sign at Top

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

A Liberty Bank Location

UBS Financial Made Account Changes for Overseas Customers Class Action

In a world where so much is done online rather than locally, we tend to forget that when we cross national borders, the different laws and customs may create complications. Still, this class action alleges, certain standards still apply. The complaint claims that UBS Financial Services, Inc. mishandled the investment accounts of overseas customers, sometimes  Read more

UBS and Three-Key Logo Sign on Building

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

Visions Federal Credit Union tells its checking customers that, if their balances are too low to cover a presented item (such as a check or an autopayment), it will charge them a $25 nonsufficient funds (NSF) fee. But the complaint for this class action alleges that it does not do this: “Instead, Visions routinely charges  Read more

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