Credit Union Excessive Overdraft Fees Lawyer Interviews

Albany, NY Excessive bank fees that are based on insufficient funds (NSF) charges may pose a greater threat to checking accountholders than overdraft fees. Recent lawsuits recognize that, without protections based largely in state contract law, consumers have little protection from NSF fees that result when checks or electronic payments that are presented and re-presented multiple times without the accountholder’s permission.

Los Angeles, CA When it comes to complaints about excessive overdraft fees, most news has covered lawsuits filed against the big banks. In truth, any financial institution that charges overdraft fees could be improperly charging their customers for overdraft. Customers with accounts at credit unions and smaller banks should also keep an eye on their accounts, and be sure they know how much they’re charged for overdraft protection.