California credit union latest to win dismissal of suits alleging ordering of transactions to maximize fee income.
Core processor says its widely used Episys system does not permit share drafts to be posted in order they are received.
A San Jose, Calif.-based attorney has filed seven class action lawsuits against credit unions, alleging overdraft shenanigans.
California Credit Union League President/CEO Diana Dykstra said she’s upset about a string of lawsuits in her state accusing credit unions of unfair and illegal overdraft practices. And she accused attorneys in the state of “fishing for members.”
California League President/CEO Diana Dykstra said attorneys are “fishing for members” to take part in class action lawsuits alleging improper overdraft practices.