A judicial panel denied a request to consolidate 11 class action overdraft lawsuits filed against credit unions over their overdraft practices, meaning courts will likely have to weigh the merits of each case individually.

Since September, at least 15 credit unions in 10 states have been hit with class action suits over their overdraft practices, according to court documents. Often, the dispute was over how credit unions disclose the methods under which they apply overdraft fees. Two firms – the Redlands, Calif.-based McCune Wright and the Santa Monica, Calif.-based The Kick Law Firm – represent all the plaintiffs. Law firms in the plaintiffs’ home states are also involved, according to the complaints.

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Tina Orem


Credit Union Times

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