Navy FCU Overdraft Fees Class Suit Settles For $24.5 Million

Mealey's (June 6, 2019, 10:09 AM EDT) -- SAN DIEGO — A California federal judge on May 28 granted final approval to a $24.5 million settlement to be paid by Navy Federal Credit Union (FCU) to end class claims that it improperly charged overdraft fees for certain debit card transactions and in doing so declined to follow a recent ruling involving the same credit union that would have resulted in the court lacking jurisdiction over the claims (Jenna Lloyd, et al. v. Navy Federal Credit Union, No. 17-1280, S.D. Calif., 2019 U.S. Dist. LEXIS 89246)....