The U.S. Eleventh Circuit Court of Appeals on Tuesday revived a proposed class action accusing a credit union with more than a dozen north metro branches of violating federal law and breach of contract by charging customers overdraft fees for withdrawals even though there was sufficient money in their accounts.

The credit union instead relied on an “available balance” calculation under which it subtracted pending deposits and transactions to determine that a customer was overdrawn and levied overdraft fees.   

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]