Home Page >> Settlements >> UMB Bank Reaches Potential $7.8M Settlement in Overdraft Class Action

UMB Bank Reaches Potential $7.8M Settlement in Overdraft Class Action

New York, NY: A $7.8M settlement has been agreed by UMB Financial Corp, potentially ending the class action lawsuit brought against it in April 2010. The suit alleged that UMB Bank, a subsidiary of UMB Financial Corp, unfairly charged overdraft fees by treating pending deposits differently than pending withdrawals, thereby rearranging withdrawals to maximize overdraft fees.

The settlement is pending approval by Jackson County Circuit Court.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.

Last updated on May-19-11