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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
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
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
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
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
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
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
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
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
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