CATrends: Deceptive ‘Plant-Based’ Claims
A deceptive marketing trend takes root.
Non-Sufficient Funds Fees at USAA Federal Savings Bank
December 2019: This case was voluntarily dismissed, the reasons for which have not been disclosed.
February 2019: This action was stayed pending the resolution of a motion to compel arbitration.
January 2019: A class-action lawsuit was filed against USAA Federal Savings Bank for allegedly misleadingly promising that the bank charges only one non-sufficient fund fee on a transaction that is rejected because an account does not have enough money to cover the transaction when, according to the complaint, the bank charges a fee every time the transaction is re-submitted for payment and rejected resulting in customers being charged multiple fees on a single transaction. (Eiess et al v. USAA Federal Savings Bank, Case No. 19-cv-108, N. D. CA.)
For more information about class-action lawsuits filed against banks and TINA.org’s coverage of them, click here.
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