Practice Area
Bank Fees
Practice Area
Bank Fees
Some banks and credit unions routinely and improperly assess overdraft fees on customers’ debit card transactions, even when those transactions do not overdraw customers’ account balances, and charge multiple insufficient funds fees on single transactions.
These deceptive practices result in significant and unforeseen costs for customers and violate state and federal fair business practice acts, as well as the terms of the account documents of these financial institutions. In addition to settling numerous overdraft fee disputes against banks and credit unions across the U.S., our firm has also obtained multi-million-dollar settlements against financial institutions for improper fee assessments.
Disclaimer: This content is for informational purposes only and does not constitute legal advice. For specific legal guidance, please consult with an attorney.
Bank Fees
Cases Served
- In re: Darty v. Scott Credit Union, No. 19L0798 (St. Clair County, Illinois, Circuit Court, July 13, 2022). Nearly $5.6 million class action settlement representing 94% of damages after contested certification of consumer classes alleging improper assessment of overdraft and NSF fees.
- In re: Jones et al. v. Lake Michigan Credit Union, No. 20-000240-CK (Washtenaw County, Michigan, Circuit Court, Oct. 12, 2022). $7.5 million class action settlement, including fee refunds and debt forgiveness, for consumers alleging assessment of improper bank fees class settlement.
- In re: Stillgood Prods., LLC v. Wesbanco Bank, Inc., No. 4:21-cv-00018-SEB-DML (S.D. Indiana, Dec. 16, 2022), ECF No. 58. $6.45 million class action settlement, including refunds of bank fees challenged by consumer classes and debt forgiveness.
- In re: Perkins v. Vantage Credit Union, No. 21SL-CC03736 (St. Louis County, Missouri, Circuit Court, Aug. 25, 2023). Preliminary approval of nearly $6.1 million bank fee class settlement, including changes to future fee assessment practices.
- In re: Lowe et al. v. NBT Bank, No. 3:19-cv-01400-MAD-ML (N.D. New York, Sep. 30, 2022), ECF No. 104. $5.7 million bank fee class action settlement.
Attorneys in this practice area
Bank Fees
Kyle C. Mallinak
Nathan Martin
Marty Schubert
