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Sort by date 296 pages found matching wells fargo- Bank of America to Pay $410M in Overdraft Fees Class Action
Washington, DC: A preliminary settlement of $410 million has been approved in an excessive overdraft fees class action lawsuit brought against Bank of America. Preliminary approval was granted Monday by a federal judge in Miami. The overdraft fees lawsuit was brought by consumers who alleged that BoFA was manipulating debit transactions so as to... - BofA Settles Overdraft Lawsuit for $410 Million
New York, NY: A federal lawsuit alleging that Bank of America (BofA) charged excessive overdraft fees has been settled. The court has granted approval to the class action lawsuit, Checking Account Overdraft Litigation, 1:09-MD-02036-JLK. Settlement class members will receive checks. BofA, the largest bank in the US, reportedly stated in a court f... - Retirement Fund Investment Risk Ripoff
Investors beware: Banks, brokers and investment firms are passing investment risk to investors in the form of fixed income products. This investment risk is also being passed on to seniors and those who are on a fixed-income. Perhaps the most risky fixed income products are investments linked to mortgage obligations. Banks have been passing their non-pe... - Putnam Investments to Settle 401k Self-Dealing Lawsuit for $12.5 Million
May-6-20 Boston, MA Participants in the Putnam Retirement Plan have agreed to settle their ERISA lawsuit against Putnam Investments and other Plan fiduciaries for $12.5 million and certain prospective changes in plan administration. Following close on the heels of the U.S. Supreme Court’s decision not to review the lower court’s determination, the s... - First Saving Bank Hit with Excessive Overdraft Fee Lawsuit
Mar-12-20 Las Cruces, NM On January 14, Bonnie Becker, doing business as Oma’s Slice of Heaven, filed a class action lawsuit in New Mexico federal district court, claiming that First Savings Bank assessed bank overdraft fees even when the transactions in question did not overdraw the account. The Complaint is fairly cursory, but it seems to set out a fam... - Bank of America Breached Customer Contracts, Charging Overdraft Fees on Non-Recurring Transactions
Feb-5-20 New York, NY Cockrom v. Bank of America alleges that Bank of America (BofA) charged overdraft fees on everyday one-time purchases, like a cup of coffee or a tank of gas, even when its deposit agreements promised that overdraft fees would be levied only on recurring transactions, such as a mortgage payments. This is a new twist on bank overdraft fee la... - Settlements and Verdicts: Wells Fargo & Co.
Wells Fargo & Co. A $4.1 million verdict has been found in the lawsuit filed on behalf of a group of union-pension funds. The suit alleged that the bank had breached its "duty of good faith and fair dealing." (Sep-11-04) Legal Help If you have a similar problem and would like to be contacted by a lawyer at no obligation, please click the... - $24.5 Million Settlement in Navy Federal Credit Union Excessive Overdraft Fees Lawsuit
Apr-23-19 San Diego, CA Navy Federal Credit Union has agreed to settle a class action excessive overdraft fee lawsuit for $24.5 million. Plaintiffs’ lawyers will reportedly seek fees of $6.1 million , approximately 25 percent of the total settlement amount. The settlement marks the end of a lawsuit filed in June 2017. Banks and credit unions became... - Environmental Alert: The Drugs in Your Water Supply
Sep-15-08 Washington, DC If the old adage, 'you are what you eat' is true, then it would also hold that you are what you drink—something that could be morphing into the latest environmental issue . The suggestion is that we all might turn into pharmaceutical addicts just by drinking the tap water. Yes, that's an exaggeration—but what isn't are the traces of... - Washington State Employees Credit Union Settles Excessive Overdraft Fees Lawsuit for $2.99 Million
Feb-15-19 Tacoma, WA Washington State Employees Credit Union (“WSECU”) has agreed to pay $2.99 million to settle an excessive overdraft fees lawsuit . The class action lawsuit, Wodja v. Washington State Employees Credit Union , alleges that WSECU charged overdraft fees when members actually had enough money in their accounts. The settlement cov... - Credit Unions – A Case of Shutdown Shame?
Jan-24-19 Washington, DC This is a good news/bad news story. The good news is that many banks and credit unions are offering financial relief to workers affected by the US government shutdown. The bad news is that the relief is designed to be temporary and limited. It also fails to address the widespread problem of excessive checking account overdraft charges that h... - Veteran Files Camp LeJeune Contaminated Water Lawsuit
Nov-7-22 Wilmington, NC On September 13, 2022, Victor Malafronte filed a toxic tort lawsuit in the Eastern District of North Carolina. His complaint alleges that his exposure to contaminated water at Marine Corps Base Camp Lejeune from 1963 to 1967 led to stage 4 chronic kidney disease and severe chronic interstitial nephritis. His lifelong health problem... - $3.5M Settlement Reached in Old Navy Employment Class Action Lawsuit
Los Angeles, CA: Preliminary approval has been granted for a $3.5 million settlement in an employment class action lawsuit brought by approximately 26,000 Old Navy employees in California. According to the lawsuit, filed by named plaintiff Andre Wells in 2012, Old Navy failed to properly compensate its retail workers, specifically citing that it sh... - Fen-Phen May Cause Rummage Sale of Wyeth Assets - Fen-Phen Trial Resources
Aug-23-06 On August 18, 2006, Bloomberg News reported that Wyeth has faced more than 175,000 claims since fen-phen was removed from the market, and that over the past 9 years, the company has settled many claims without forcing fen-phen users to file a lawsuit. All total, the company has set aside more than $21 billion to cover legal costs and settlements since... - MB Financial Facing Lawsuit re $6,000 in Overdraft Fees
Apr-30-18 Chicago, IL MB Financial dinged Rhonda Boone for a truly jaw-dropping $6,000 in bank overdraft fees between 2015 and 2017. That was 18 percent of her total income for those years. On March 12, 2018 she filed a lawsuit in the Northern District of Illinois seeking class action status on behalf of herself and other similarly situated checking and mon... - Study Finds Consumers Complain Most About Banks With Highest Overdraft Fee Revenue
Jul-19-17 Washington, DC: A consumer protection report has found a correlation between the banks that customers complain about most and the amount of revenue from overdraft fees and insufficient funds (NSF) those banks collect. The 2016 report , issued by the US Public Interest Research Group (PIRG), analyzed more than 10,000 bank-related customer complain... - Consumer and Legal Advocates Concerned About Potential Threats to Class Action Lawsuits
May-23-17 Washington, DC: Consumer advocates see potential storm clouds on the horizon and they are standing-at-the-ready to fight any forthcoming threat that might preclude consumers from using class action suits to pursue justice. For years, the fine print section of contracts, particularly in the financial services industry, has often asked consumers to si... - Study Finds That People With Lowest Incomes Pay Most in Bank Overdraft Fees
Apr-11-17 Philadelphia, PA: A recent study has found that the largest percentage of bank overdraft fees are collected from bank customers who earn the lowest incomes. While banks market their overdraft programs as a service, consumers often incur unexpected overdraft fees that exceed the original transaction amount, according to a Dec. 2016 issue brief http:/... - New Report Shows 10 Banks Account for 67 Percent of Overdraft Fee Revenue
Feb-28-17 Boston, MA: A recent report revealed that out of more than 600 banks, 10 of those banks accounted for a huge percentage of all reported bank overdraft fees revenue collected through the first three quarters of 2016. According to a December 2016 consumer protection report published by the US Public Interest Research Group (US PIRG), 626 large bank... - Chesapeake Energy Corp CHK Securities Fraud
Company: Chesapeake Energy Corp Ticker Symbol: CHK Class Period: Apr-30-09 to May-10-13 Date Filed: Jun-6-12 Lead Plaintiff Deadline: Aug-5-12 Court: --- Allegations: New York, NY: A securities class action lawsuit asserting claims under the Securities Exchange Act of 1934 has been fil...