Saturday, April 20, 2019

Canvas CU Faces Class Action Lawsuit over OD Fee Practices

Canvas Credit Union (Lone Tree, CO), the former Public Service Credit Union, is being sued over its overdraft (OD) fee practices.

The class action lawsuit, Ronald Brooks v. Canvas Credit Union, alleges that Canvas CU had a routine business practice of (a) assessing overdraft fees on transactions that did not actually overdraw the account; and (b) charging two or three non-sufficient funds fees on a single transaction.

The lawsuit claims that the the credit union violated Colorado consumer protection laws and its disclosures in its account documents.

The lawsuit was filed by Franklin D. Azar & Associates.

Read the press release.
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