Wednesday, December 2, 2015

MidFlorida CU Is Sued over Misleading Overdraft Practices

Reuters is reporting that MidFlorida Credit Union (Lakeland, FL) was hit with a proposed class action lawsuit accusing the credit union of violating federal law by charging customers overdraft fees when members had enough money in their checking accounts to cover any debits.

Filed last week, the lawsuit said MidFlorida Credit Union used an artificial "available balance" to decide whether to charge an overdraft, instead of the actual balance in a customer's account.

Read the story.

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