Did you receive a notice from Desert Financial Credit Union? Did you receive a mail about a class action settlement to resolve Desert Financial Credit Union overdraft fees $6M Lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Desert Financial Credit Union overdraft fees $6M Class Action Lawsuit?
Desert Financial Credit Union agreed to pay $4 million to resolve a class action lawsuit alleging it charged illegal overdraft fees.
The case is Dominique v. Desert Financial Credit Union, Case No. CV2020-053959, in the Arizona Superior Court for Maricopa County.
What Is This Class Action All About?
The overdraft class action lawsuit claims Desert Financial Credit Union wrongfully charged overdraft fees on transactions that were authorized with a sufficient balance. These transactions were allegedly settled with an insufficient balance and resulted in overdraft fees.
Desert Financial Credit Union is a financial institution based in Arizona.
Desert Financial hasn’t admitted any wrongdoing but agreed to a $6 million settlement to resolve the overdraft class action lawsuit.
Under the terms of the Desert Financial Credit Union overdraft fees settlement, class members can receive a proportional share of the net settlement fund based on the amount they paid in overdraft fees.
No payment estimates are available at this time. The settlement website is DFOverdraftFees.com.
Who Is Eligible?
This settlement benefits all consumers who have or had a checking account with Desert Financial Credit Union and who were charged an unrefunded overdraft fee between June 1, 2014, and Nov. 1, 2017, on a transaction that was authorized with a sufficient balance but settled with an insufficient balance.
How To Be Part of This Settlement
No claim form is required to benefit from the settlement. Class members who received a settlement notice will automatically receive a settlement payment if they do not opt out.
The deadline for exclusion is July 14, 2023. The deadline for objection is Aug. 18, 2023.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like Citi Trends class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the settlement is scheduled for Aug. 18, 2023.
