Thursday, March 7, 2019

Lawsuit Accuses Ent CU of Improper OD Fees

A class-action lawsuit alleges Ent Credit Union (Colorado Springs, CO) organized debit transactions in a way to charge its customers more overdraft (OD) fees.

The lawsuit claims that Ent Credit Union would approve debit transactions while funds were available in customers' accounts, but the credit union would not process the transactions until later causing some customers to be hit with excess fees because of "intervening transactions."

The complaint also states Ent's members would be charged multiple fees for the same transaction, which is allegedly contrary to the company's deposit agreement.

Frank D. Azar & Associates filed the complaint Monday in U.S. District Court in Denver on behalf of plaintiffs in Colorado and Texas.

Read the story.
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