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League, Trade Groups Implore Appeals Court to Stand by Overdraft Decision

At least 40 credit unions and banks have been hit with similar class-action suits.

Appeals Court

The Georgia Credit Union League, CUNA and NAFCU pleaded with a federal appeals court on Thursday to stand by a decision to dismiss a class-action suit brought against a credit union over its overdraft practices.

On February 22, according to court documents, the trade groups filed an amici curiae (“friends of the court”) brief in the U.S. Court of Appeals for the 11th circuit, stating that a lower court was right to dismiss the suit against Marietta, Georgia-based LGE Community Credit Union and urging the appellate court to let that decision stand.

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Tina Orem

 

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