Bank of America EDD Funds Fraud and Lack of Response Class Action

In the “economic devastation” of the Covid-19 pandemic, millions of people are relying on unemployment and similar government benefits to provide money for basic living expenses. California’s Economic Development Department (EDD) has chosen to have its unemployment benefits distributed in the form of a prepaid debit card, issued by Bank of America, NA. The complaint  Read more

Bank of America Sign on Building

Bank of America Inattention to Fraud on EDD Accounts Class Action

California does not pay unemployment benefits directly. Instead, its Employment Development Department (EDD) has an exclusive contract with Bank of America, NA, which issues the benefits in the form of pre-paid debit cards. Unfortunately, criminals have stealing the benefits from these cards. The complaint for this class action alleges Bank of America is responsible for  Read more

Bank of America Sign Against Blue Sky

City National Bank and Trust Overdraft and NSF Fees Reg E Class Action

Banks may charge overdraft (OD) fees on one-time debit and ATM transactions provided they meet the requirements of Federal Reserve Regulation E, with proper disclosures to, and consent from, the customer. However, the complaint for this class action alleges that the City National Bank and Trust Company of Lawton, Oklahoma does not do this. The  Read more

Bank Statement Listing Overdraft Fees

BNY Mellon Discretionary Investments Violated Agreements Class Action

BNY Mellon, NA is a subsidiary of the Bank of New York Mellon Corporation which has a wealth management division. Customers for this division may entrust funds to the bank and rely on the bank “to invest those funds at the Bank’s prudent discretion.” The bank has full investment authority over those funds. However, the  Read more

Tall Building with BNY Mellon Sign at Top

Chime Financial Service Outage Settlement

This settlement resolves a class action against Chime Financial, Inc., the Bancorp, Inc., and Galileo Financial Technologies, on the subject of an intermittent service outage that lasted for three days. The complaint alleged that some holders of deposit accounts at Chime had disruptions in service for portions of time between October 16-19, 2019 and experienced  Read more

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TD Bank Secured Credit Card Promises of “Graduation” Class Action

TD Bank offers a “secured” credit card to those who need to rebuild their credit. It promises the card holders to change the card to an unsecured one after certain conditions are fulfilled. But the complaint for this class action alleges that TD Bank does not keep those promises.  Read more

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BBVA USA Overdraft Disclosures Violate Reg E California Class Action

The Federal Reserve has set forth Regulation E, which requires that banks and other institutions must make certain disclosures in a stand-alone document and obtain the consent of the consumer before they charge that consumer overdraft fees on one-time debit and ATM transactions. The complaint for this transaction alleges that BBVA USA violates Reg E  Read more

BBVA Name at Top of Large Building

Cabrillo Credit Union Overdraft Disclosures Violate Reg E California Class Action

Federal Reserve Regulation E requires that banks and other institutions must make certain disclosures and obtain agreement of the consumer before they can charge that consumer overdraft fees on one-time debit and ATM transactions that are not recurring. The complaint for this transaction alleges that Cabrillo Credit Union violates Reg E with its disclosures for  Read more

Cabrillo Credit Union Name and Logo

JPMorgan Chase Misleading Credit Card Fee Statement TILA Class Action

The Truth in Lending Act (TILA) aims to offer consumers proper disclosure of the terms of credit. The complaint for this class action alleges that JPMorgan Chase Bank, NA made disclosures “with inaccuracies or omissions” about its annual account or membership fees for its credit card accounts, thus violating the requirements of TILA.  Read more

JPMorgan Chase Sign in Front of Tall Building

Credit One No Live Representative for Express Payments NY and FL Class Action

When consumers don’t make a lot of money, they must sometimes pay bills at the last minute. The complaint for this class action alleges that Credit One Bank, NA charges extra for “expedited” payments, but does not obey the requirements for charging such fees set forth in Regulation Z of the Truth in Lending Act  Read more

A Credit One Credit Card