Friday, September 27, 2019

Alliant CU Sued over Overdraft Practices

Alliant Credit Union (Chicago, IL) is being sued for improperly charging overdraft (OD) fees.

The proposed class action lawsuit accuses Alliant Credit Union of assessing non sufficient Funds (NSF) fees or overdraft fees on transactions in which the consumers’ accounts had enough funds to pay for the transactions.

Additionally, the credit union is accused of charging multiple NSF fees on the same electronic transaction which, according to the plaintiffs. This is a violation of the contract that the credit union has with their members.

The proposed class action lawsuit seeks restitution, monetary damages and injunctive relief associated with allegedly unlawful overdraft charges.

The lawsuit was filed with the US District Court, Northern District of Illinois, Eastern Division.

1 comment:

  1. Seems like more and more of these lawsuits. Makes sense given CU's reliance on NSF income



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