Associated Bank Reaches Overdraft Fee Class Action Settlement
By Matt O’Donnell
Associated Bank is the latest bank to reach a class action lawsuit settlement over charges it manipulated customers’ debit card transactions and checking account deposits so it could deplete their accounts and trigger overdraft fees.
According to the Associated Bank overdraft fee class action lawsuit, Associated Bank charged debit card users an overdraft fee of $37, regardless of the amount of the overdraft, and chose not to decline the transaction that would trigger the overdraft or inform customers that they were short of funds. The bank is also accused of failing to adequately disclose to its customers that they could opt out of overdraft protection.
Associated Bank is one of more than 30 banks accused in the multi-jurisdicational class action lawsuit, later consolidated in Florida federal court, of the overdraft fee violations. The case is In Re: Checking Account Overdraft Litigation.
Associated Bank agreed to pay $13 million to settle its part in the bank overdraft fee class action litigation. Several other major banks, including
Union Bank and
Bank of America, have also reached class action settlements.
The Associated Bank overdraft fee class action settlement still needs final court approval before it becomes effective.
The case is In Re: Checking Account Overdraft Litigation, Case No. 09-cv-02036, U.S. District Court, Southern District of Florida.
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66 thoughts onAssociated Bank Reaches Overdraft Fee Class Action Settlement
Dose anybody know how to get in touch with attorneys that are issuing these check I did receive a post card have not moved and did not opt out I need information please help.
800-574-8396 Here is a number to check to see if you were owed a check. I never received one–so I kept emailing the lawyers. Finally found out they tried to deposit to my account-which I had closed a couple months ago.
Has anyone received mail check?
Got a check today!!! $10.04 ….so ridiculous it’s hard not to laugh about.
hi this is nathaniel malwitz an i had a huge overdraft settlement thru associated bank. i was wondering when the check or the money was gonna get back to me. Thanks
Tricia I emailed one of the attorneys asking about who to contact regarding address change and he just took the information and said he would forward it.