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JP Morgan Chase Building

Plaintiff David Denton researched credit products so he could consolidate his debts at favorable terms, the complaint for this class action says, and he eventually settled on a credit card offered via a pre-screened solicitation by JP Morgan Chase with favorable balance transfer terms. He obtained the card, but when he actually tried to make the transfers, the company refused to grant him the original terms. The complaint claims that, in the letter telling him why, Chase violated both the federal Equal Opportunity Credit Act (ECOA) and the Virginia version of the same law (VECOA).

Debit Card Swipe

On March 4, 2016, plaintiff N. Pantelyat used the debit card for her Bank of America checking account for a $10 Uber ride, and later in the day, for a $7.67 return Uber ride. Unfortunately, according to the complaint for this class action, Pantelyat’s account balance was too low to cover even the first ride, yet in both cases, Bank of America paid for the transaction and charged her a $35 overdraft fee—a total of $70 in overdraft fees on less than $20 in transactions. It did this, the complaint claims, by misclassifying the transaction as “recurring” rather than “non-recurring” in violation of its own Deposit Agreements and other documents.

Mountain America Credit Union Office Building

Financial institutions have different methods of calculating the amount of money in an account, for example, depending on whether they count holds on deposits and not yet completed transactions. According to the complaint for this class action, Mountain America Credit Union (MACU) charged plaintiff Lewis Tilley overdraft fees even when his account contained enough money to cover the transactions. It also charges that MACU violated Regulation E of the Electronic Fund Transfers Act.

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.

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