Class Action

Glens Falls National Bank

Class Action

Glens Falls National Bank

In July 2020, a class-action lawsuit was filed against Glens Falls National Bank for allegedly misleadingly representing that it charges overdraft and non-sufficient funds fees if an account does not have enough money to cover a transaction when, according to plaintiffs, the bank charges such fees on transactions that do not actually overdraw an account. The complaint also claims that the bank misleadingly represents that it charges one overdraft fee on a transaction when, according to plaintiffs, the bank charges another fee every time a transaction is reprocessed for payment resulting in multiple fees on a single transaction. (Richard et al v. Glens Falls National Bank, Case No. 20-cv-734, N.D.N.Y.)

For more of TINA.org’s coverage of banks and credit unions, click here.


The Latest

Filters

Fisher Investments

Ad Alert

Fisher Investments

Unearthing the fees that Fisher charges but doesn’t disclose in some of its TV ads.


Show More