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Ulster Savings Bank
In August 2020, a class-action lawsuit was filed against Ulster Savings Bank for allegedly misleadingly representing that it only charges overdraft fees on a transaction if an account does not have enough money to cover it when, according to plaintiffs, the bank charges such fees on transactions that do not overdraw accounts. In addition, the complaint claims that the bank misleadingly represents that it only charges one fee on a single transaction when, according to plaintiffs, the bank charges another fee every time a transaction is reprocessed for payment. (Turner et al v. Ulster Savings Bank, Case No. 20-cv-6084, S.D.N.Y.)
For more of TINA.org’s coverage of banks, click here.
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