American Airlines FCU to Pay $1.5 Million to Settle Overdraft Fee Dispute

California woman who filed the class action lawsuit will be paid a $15,000 service award.

By Peter Strozniak | August 11, 2021 at 02:08 PM

A Los Angeles federal judge may decide next week whether to approve a $1.5 million agreement that will settle a class action lawsuit against the $8.9 billion American Airlines Federal Credit Union over allegations that it improperly charged overdraft fees on member accounts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.

NOT FOR REPRINT

Credit Union Management

1 Patrick La Pine Departs LSCU, Others Take 'Elevated' Roles

2 Westerra CU Hires CFO; 4 Other Credit Unions Announce New Roles

3 Learn How CU are Realizing 55% Automated Bookings and 70% Instant Funding

4 Conspirator From Gang of Eight Admits to Targeting Credit Union Shared Branching Network

5 Man Allegedly Deposits $7 Million in Stolen U.S. Treasury Checks at Credit Unions

Consulting
Consulting Leaders in Technology 2024
May 16, 2024 - Dallas

Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
More Information
Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information

Credit Union SVP Jason Wolkove 'Listens to Those Nearest to the Product'

By Natasha Chilingerian | May 08, 2024

Premier America CU's new SVP & CTO says, "Technology should work so much that you don't even know it's there."

Credit Union SVP Jason Wolkove 'Listens to Those Nearest to the Product'

Member Sues California Credit Union Over Return Deposit Item Fee

By Peter Strozniak | May 07, 2024

Brandon Gray alleges Credit Union of Southern California's fee for a bounced third-party check violates state laws.

Member Sues California Credit Union Over Return Deposit Item Fee

Remote & Freelance Work Are in, Return to the Office Is Out

By Dave Colford | May 06, 2024

Sixteen percent of companies worldwide are fully remote, and this number is likely to increase.

Remote & Freelance Work Are in, Return to the Office Is Out

5 Evolving Attack Methods in Credit Card Fraud link

White Paper

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

Instant Insights /