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."
Dykstra said she's spoken with each of the six credit union CEOs targeted, and said the suits are frivolous and malicious. "One of the plaintiffs hasn't even had an overdraft," Dykstra said. She declined to name the plaintiff.
A few months ago, Dykstra said she received a call from a member credit union in northern California who said a radio ad urged listeners that had been harmed by credit union overdraft practices to call a law firm. The credit union executive was not able to get the name of the firm before the ads stopped running
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