A wave of overdraft lawsuits has struck credit unions across the country, and many more could be on the way, according to lawyers familiar with the matter.

Since September, at least one dozen credit unions in nine states have been hit with class-action suits over their overdraft practices, according to court documents. Often, the dispute is over how credit unions disclose the methods under which they apply overdraft fees.

Tina Orem


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.