Consumer Claims Investment App Violated UCL, CLRA, Misled Public About Fees

(February 14, 2019, 4:01 PM EST) -- SANTA ANA, Calif. — A consumer on Feb. 12 filed a class action against the owners of an app-based investment service in a California court, asserting that they violated California law by misleading investors about the possible risk of multiple overdraft fees imposed by banks as a result of the service’s automatic transfers from consumers’ checking accounts (Josh Bingham v. Acorns Grow, Inc., No. 2019-01050842, Calif. Super., Orange Co.)....

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