Banco Popular Overdraft LitigationCase Name: Valle v. Popular Community Bank
Court: New York Supreme Court Status: Settled Banco Popular (Popular Community Bank) Overdraft Fee Settlement The New York Court has preliminary approved a class action Settlement to reimburse Overdraft Fees Paid by Banco Popular ATM and Debit Card holders. The Settlement Administrator is now accepting Claim Forms from current and former Banco Popular account holders. To obtain a Claim Form or learn more, visit the settlement website (www.bpnaoverdraftfeesettlement.com) or call the Settlement Administrator (888-208-9630) This case alleges that Banco Popular (a/k/a Popular Community Bank) charged its checking and savings and other deposit clients overdraft fees or insufficient funds fees by Banco Popular deceptively or in bad faith. The plaintiffs allege that Banco Popular charged the overdraft fees without customer approval and manufactured overdraft charges by re-ordering of withdrawals from highest-to-lowest amounts. The case also claims that Banco Popular charges interest on overdraft fee loans in excess of the highest interest rates permitted by New York usury laws. This case is filed as a putative class action in the New York State Supreme Court for New York County, Commercial Division. View the Complaint News: Refunds for Bank Customers (Telemundo, July 17, 2018) N.Y. Banco Popular Overdraft Fee Class Action Settlement (Top Class Actions, June 1, 2018) Popular Community Bank Clients May be Entitled to Settlement Payments for Overdraft Fees (NBC New York, May 30, 2018) Press Release (March 23, 2018) Popular Community Bank Loses Bid to Dodge Overdraft Suit (Law360, April 25, 2017) U.S. Judge Remands Action Against Bank to State Court (New York Law Journal, August 8, 2013) Press Release (July 23, 2015) Press Release (December 20, 2015) Press Release (February 19, 2016) Banco Popular Must Face Challenge to Overcome Overdraft Policies (Thomson Reuters, February 22, 2016) |
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