Arkansas Federal Credit Union class action overview:
- Who: Plaintiff Amanda Mosley filed a class action lawsuit against Arkansas Federal Credit Union.
- Why: Mosley claims the credit union charged improper overdraft fees and other excess transaction fees.
- Where: The Arkansas Federal Credit Union class action lawsuit was filed in Arkansas federal court.
A new class action lawsuit claims Arkansas Federal Credit Union improperly assessed overdraft fees on debit card transactions authorized on sufficient funds, ATM transactions and one-time debit card transactions and multiple fees on an item that the accountholder only presented for payment once.
Plaintiff Amanda Mosley’s class action lawsuit alleges Arkansas Federal Credit Union’s actions breached its contract and duty of good faith and fair dealing and unjustly enriched the credit union to the detriment of its customers.
Mosley argues the credit union also violated the Arkansas Deceptive Trade Practices Act and the Electronic Fund Transfers Act.
“Defendant’s improper scheme to extract funds from account holders has victimized Plaintiff and hundreds of other similarly situated consumers,” the Arkansas Federal Credit Union class action lawsuit says.
Arkansas Federal Credit Union charged $70 in fees for one payment, lawsuit claims
Mosley claims Arkansas Federal Credit Union charged her $70 in fees on an item she only presented for payment once.
“Plaintiff understood each payment to be a single item as is laid out in Defendant’s account documents, capable of receiving, at most, a single [non-sufficient funds] fee (if Defendant returned it) or a single overdraft fee (if Defendant paid it) so long as Plaintiff did not re-present the item for payment,” the Arkansas Federal Credit Union class action lawsuit says.
Mosley wants to represent a nationwide class and Arkansas subclass of consumers who were charged multiple fees on an item that the consumer only presented for payment once, or who were assessed an overdraft fee on a debit card transaction that was authorized on sufficient funds and settled on negative funds in the same amount for which the debit card transaction was authorized.
The plaintiff demands a jury trial and requests declaratory and injunctive relief and an award of actual damages for herself and all class members.
Earlier this year, BankPlus was slapped with a lawsuit for incorrectly charging overdraft fees on one-time debit card and ATM transactions without allegedly first obtaining customers’ affirmative consent.
Have you been charged improper overdraft fees by Arkansas Federal Credit Union? Let us know in the comments.
The plaintiff is represented by Christopher D. Jennings of Jennings & Earley PLLC and Jeffrey D. Kaliel and Sophia Goren Gold of KalielGold PLLC.
The Arkansas Federal Credit Union class action lawsuit is Mosley v. Arkansas Federal Credit Union, Case No. 2:25-cv-02101-TLB, in the U.S. District Court for the Western District of Arkansas.
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