(LegalLaw247.com, April 10, 2012 ) New York, NY Class Action.org is working with attorneys investigating whether customers of Orion Credit Union Memphis in Tennessee where charged unfair overdraft fees when they overdrew their accounts. Many of the nations largest banks have allegedly instituted unfair and deceptive overdraft protection policies. Some believe that customers of state and regional banks may have also been subjected to similar practices. It is believed that certain banks may be reordering customers transactions to maximize the number of overdraft fees they can charge when a debit is made against an account with insufficient funds. If you suspect you have been unfairly charged under your banks overdraft protection plan, you may be able to file a claim to seek compensation for these charges. To find out if you are eligible, visit http://www.classaction.org/unfair-overdraft-protection-fees.html for a free evaluation of your unfair overdraft claim.
While Orion Credit Union Memphis has not been named among the establishments allegedly charging unfair overdraft fees, customers of this bank may have grievances similar to those outlined in lawsuits filed against Bank of America, Wells Fargo and other large banking institutions. In unfair overdraft lawsuits against these establishments, it has been alleged that the banks are reordering transactions in their customers accounts so they can charge more overdraft fees and, as a result, generate more profits. Essentially, the suits claim that when a customer makes a number of debits on any given day, the bank will process the largest debit first regardless of the order in which the transactions were made. For instance, if a customer with a $100 balance makes four $25 purchases in the morning, followed by a $50 purchase that night, the bank will process the $50 transaction first and charge overdraft fees for two of the $25 purchases made hours before, according to the allegations.
Orion Credit Union Memphis has not been named in the lawsuits making these allegations; however, if you believe you were wrongfully charged overdraft fees by Orion Credit Union Memphis or any other financial institution, visit ClassAction.org for more information and a free case evaluation.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
April 10, 2012 Posted By: admin
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