Class Action Lawsuit:
Banks Refund for Overdraft, Late Fees During the COVID-19 Pandemic?
If you are an Individual who asked their bank or credit card provider to waive or refund an overdraft, non-sufficient fund (NSF) or late payment fee during the COVID-19 pandemic and had their request denied. You may have a class action lawsuit.
During the COVID-19 pandemic, several banks and credit card providers made promises via their websites or other means that they would refund or waive NSF fees, overdrafts fees and/or fees for late credit card payments.Essentially, it was suggested that those undergoing hardship (i.e., lost a job, suffered a health crisis, etc.) could simply call up their financial institution and have their fee refunded or waived.
Which Companies Are Under Investigation?
Bank of America, TD Bank, Capital One, Navy Federal Credit Union, USAA, Ally, and American Savings.