Skip to content Skip to navigation

Your Bank

City National Bank Building

Two men, Joel Barry Gillis and Edward W. Wishner, are now in prison for running NASI, a company that operated a Ponzi scheme purporting to sell ATMs to investors in return for “rentals” from ATM fees. How did they get away with it for fifteen long years? According to the complaint for this class action, they were aided and abetted by a bank Senior Vice-President who used his position as well as the bank’s credibility and resources on their behalf in exchange for profiting from the scheme. Fitzwilliam performed many services to help keep NASI in business, according to the complaint, such as granting it immediate loans to cover shortfalls to make lulling payments to investors; writing promotional letters vouching for NASI as its banker; and talking to investors who were beginning to get suspicious and assuring them that NASI was legitimate. Since all of these supportive actions were undertaken in the regular scope of his employment at CNB, the complaint claims, the bank is liable for his actions.

Wells Fargo Logo

Wells Fargo has agreed to settle a class action alleging that its employees had opened checking or savings accounts, credit cards, or lines of credit or submitted applications for these things in the names of customers without the customers’ authorization.

National Penn Bank Logo

This settlement resolves a class action alleging that National Penn Bank breached its customer account agreement when it charged overdraft fees for accounts that were overdrawn based on their available amounts rather than the ledger balances for the accounts.

TD Bank Penny Arcade Machine

TD Bank has agreed to settle a class action alleging that their “penny arcade” coin-counting machines did not accurately count the coins that customers deposited. Users deposited coins into the machines, and the machine purportedly counted the coins and gave them a receipt for the amount.

Ditech Logo

Mortgages are the largest items in most people’s credit portfolios, and errors in mortgage servicing can have major impacts on mortgage holders’ lives. In this class action, plaintiff Eugenia Rapp alleges that mortgage servicer Ditech did not use adequate dispute-reporting processes, so that it violated both the Real Estate Settlement Procedures Act (RESPA) and the Fair Credit Reporting Act (FCRA). According to the complaint, the disputes arose after Ditech took over the servicing of her modified home loan, when the company repeatedly furnished derogatory information to credit reporting agencies despite her sending repeated letters with documentation showing that she had made all her payments.

This settles a class action alleging that Chase did not provide satisfactions of mortgage or certificates of discharge available for recording within thirty days after mortgages were paid off. According to the complaint, this violates the New York Real Property Actions and Proceedings Law and New York Real Property Law.

Navy Federal Credit Union

This class action alleges that Navy Federal Credit Union (NFCU) did not properly disclose its methods of setting aside funds from customer accounts and paying transactions, leading to extra “Optional Overdraft Protection Fees” (OOPFs) being charged to customers for overdrafts they did not expect.

JP Morgan Chase

The complaint for this class action alleges that JP Morgan Chase furnished inaccurate information about plaintiff Mark Donald Hunt, in connection with a mortgage, to the three major credit agencies—Experian, Trans Union, and Exquifax—over a period of twenty-two months, for sixty-six violations of the FCRA.

Citizens Bank

When a bank charges you not only an overdraft fee, but additional fees on the days before you repay the overdraft, are those additional fees interest on a loan? This class action argues that they are, and that Citizens Bank’s specific additional fees on overdrafts therefore violate federal laws against usurious interest charges.

image of firstmerit logo

The plaintiffs in this lawsuit allege that FirstMerit unlawfully rearranged the order by which debit card transactions were posted in customers’ deposit accounts to increase the number of overdrafts that their accounts would experience in any particular day and to improperly charge excessive and unwarranted overdraft fees.

Pages