A $5 million MUFG Union Bank settlement has been reached, resolving claims the bank charged unfair overdraft fees on debit transactions despite authorizing them with a positive balance.
The settlement benefits MUFG Union Bank account holders who were charged deceptive overdraft fees between Oct. 19, 2013, and Feb. 28, 2019.
A bank fee class action lawsuit alleged the bank charged consumers overdraft fees on transactions that it had previously authorized with a positive balance. Plaintiffs in the case claimed these fees violated MUFG’s account agreements.
MUFG Union Bank was a West Coast franchise that was purchased by US Bank in 2021.
MUFG Union Bank hasn’t admitted any wrongdoing but agreed to a $5 million settlement to resolve the overdraft class action lawsuit.
Under the terms of the MUFG Union Bank settlement, class members can receive a payment based on the amount they paid in overdraft fees during the class period. Settlement payments will vary between class members but are expected to average out to $40.16 per class member.
The deadline for exclusion and objection is June 25, 2024.
The final approval hearing for the MUFG Union Bank settlement is scheduled for July 25, 2024.
No claim form is required to benefit from the MUFG Union Bank settlement.
Who’s Eligible
The MUFG Union Bank settlement benefits MUFG Union Bank account holders who were charged deceptive overdraft fees between Oct. 19, 2013, and Feb. 28, 2019
Potential Award
Varies
Proof of Purchase
N/A
Exclusion Deadline
06/25/2024
Case Name
Harrold v. MUFG Union Bank NA, Case No. BC680214, in the California Superior Court for Los Angeles County
Final Hearing
07/25/2024
Settlement Website
Claims Administrator
Harrold v. MUFG Union Bank
c/o Kroll Settlement Administration LLC
PO Box 225391
New York, NY 10150-5391
833-933-7977
Class Counsel
Jonathan M Streisfeld
KOPELOWITZ OSTROW PA
Andrea R Gold
TYCKO & ZAVAREEI LLP
Defense Counsel
Nancy R Thomas
DAVIS WRIGHT TREMAINE LLP
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15 thoughts onMUFG Union Bank fees $5M class action settlement
I did bank and Union Bank, under the name Cynthia Tuckett (married name) now I am Cynthia Rayas divorced since 5/27/17.
I’ve been with union bank since they opened.And had bad experiences with overdraft fees.