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Some of the overdraft fee-related class-action suits filed against credit unions across the country in recent years appear to be headed for settlement, and new suits continue to spring up, according to a review of court documents.

Since 2015, at least 19 credit unions in a dozen states and the District of Columbia have been mired in lawsuits over how they assess overdraft fees. The complaints largely center on the use of members’ available balances rather than actual balances to determine when to charge the fees; there are also allegations of using opt-in agreements inconsistent with other disclosure materials.

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Tina Orem


Credit Union Times

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