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Navy Federal Credit Union Overdraft Fee Settlement

Settlement Structure: 
Case Summary: 

Navy Federal Credit Union is settling a class action alleging that it improperly charged certain members overdraft fees. The complaint alleged that Navy Federal charged overdraft fees on transactions that were properly authorized and approved into a positive available balance. 

Docket Number: 
Navy Federal
Class Period: 
Sunday, July 22, 2012 to Monday, November 20, 2017
Objection Deadline: 
Saturday, April 20, 2019
Exclusion Deadline: 
Saturday, April 20, 2019
Final Approval Hearing: 
Monday, May 20, 2019
Building with Navy Federal Sign