Wednesday, February 15, 2017

Landmark CU Sued over Unfair Overdraft Fees

Landmark Credit Union (New Berlin, WI) is being sued for charging its customers overdraft fees in a way that violates the Electronic Funds Transfer Act and various state laws.

The plaintiff alleges that she was a victim of an unfair overdraft fee policy that violates the terms of the credit union's contracts with depositors and the Consumer Financial Protection Bureau’s Regulation E.

The complaint seeks restitution and damages for two potential subclasses of credit union members who were allegedly harmed by Landmark's overdraft policies over the past six years.

The case is Behrens v. Landmark Credit Union and was filed in the U.S. District Court for the Western District of Wisconsin.

Read the story.

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