Undisclosed Fees on SmartLeases

November 2018: An objector filed a Notice of Appeal regarding district court’s decision to grant final approval of the settlement. Later in November, this appeal was voluntarily dismissed, the reasons for which have not been disclosed. (Case No. 18-14753, 11th Cir.)

October 2018: A federal judge granted final approval of a settlement agreement that provides class members with a refund of the undisclosed fees.

2014: A class-action lawsuit was filed against Ally Bank alleging that its SmartLease (a standardized form lease agreement) fails to disclose all of the fees charged to customers who purchase a leased vehicle. (Plaintiffs filed an amended complaint in 2017.) (Schreiber et al v. Ally Financial Inc., Case No. 14-cv-22069, S. D. FL.)