Credit Union Overdraft Fees Investigation

When you think of Credit Unions you think lower fee’s, well this is not always the case.

Lower fees and better charges, now that sounds awesome! However, it has been reported that a handful of credit unions have increased the fees that they charge on ATM withdrawals, debit card balances and checks at a much faster rate than banks. There are also some issues reported by consumers stating that their credit unions are processing their transactions out of order resulting in maximized overdraft fees on their accounts. The Consumer Financial Protection Bureau is currently conducting a thorough investigation regarding the anomalous overdraft fee practices that are being imposed by local credit unions. On top of that, class action lawsuit lawyers are also investigating the probability of taking legal actions against credit unions that are involved in charging improper overdraft fees. It will also be best if you will consult a lawyer if you think that you have been scammed by your credit union institution.

Credit unions that are under investigation for improper overdraft fee practices:

  • State Employees Credit Union (North Carolina)
  • Pentagon Federal Credit Union
  • Boeing Employees Credit Union
  • Alliant Credit Union
  • Star One Credit Union
  • First Technology Federal Credit Union
  • America First Federal Credit Union
  • Randolph Brooks Federal Credit Union
  • Suncoast Credit Union
  • Randolph Brooks Federal Credit Union
  • American Airlines Federal Credit Union
  • Mountain America Federal Credit Union
  • Vystar Credit Union
  • Space Coast Credit Union
  • Patelco Credit Union

 

Modern living has indeed brought us a lot of wonders. There are a lot of better things to do during our leisure hours, and life has never been much easier with the aid of those advanced technologies. However, there’s a great deal of various consequences that we also have to endure for enjoying this utopian dream life experience. Prices are much higher and we always tend to worry about those erratic bills that we need to pay, and on top of that, nobody seems to know why they keep going up and the next thing you know, everything becomes real expensive year after year. Sometimes the road gets tough, and as much as possible, people would always choose to look for alternatives that will help them save more; that is why for that matter, some people choose to entrust their savings and finances to local credit unions instead of banks believing that they’ll be saving more from those fees and other banking charges. If you have fell prey to any of these credit unions you may be eligible to participate in this class action lawsuit investigation Please Contact Us and provide any details along with contact information. If you prefer to leave a voicemail you can call 1.858.236.9020. GetClassActionMoney.com can then forward these requests to our network of attorneys that may contact you if a Class Action Lawsuit is to be pursued.

 

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