USAA to Pay $64.2 Million to Service Members in Settlement over ...
Aug 6, 2024 · USAA has agreed to pay $64.2 million to settle a class-action lawsuit alleging that its banks improperly charged fees and high interest rates that violated federal protections for service...
USAA to Pay $62.4 Million to Resolve Military Fee Lawsuit
Aug 5, 2024 · (Reuters) - USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and...
USAA to pay $64.2M to settle military overcharge lawsuit
Aug 6, 2024 · USAA has agreed to pay roughly $64.2 million to settle allegations that its banks overcharged service members and veterans on interest rates and fees, and gave them products they did not request, according to court paperwork filed Friday.
San Antonio's USAA to pay $64.2 million to settle claim it …
Aug 6, 2024 · San Antonio-based financial services giant USAA will pay out $64.2 million to settle a class-action lawsuit accusing its bank of overcharging service members and veterans on fees and rates in...
USAA settles military lawsuit for $64 million - mySA
Aug 6, 2024 · Three years after five military men accused USAA Federal Savings Bank of violating protections for military members and charging “useless” or unsubstantiated fees, a deal has been brokered.
USAA Bank $64M Servicemember Interest Rates Settlement
Aug 7, 2024 · The lawsuit alleges that USAA Bank failed to reduce interest rates for servicemember accounts as required by the SCRA and MLA, among other claims. The parties settled to avoid the costs and uncertainties of a trial.
USAA agrees to pay tens of millions of dollars to settle lawsuit …
USAA has agreed to pay about $64.2 million to settle allegations that its banks wrongfully imposed fees on military members and veterans for products that were not requested or useless.
USAA's $64M settlement nearly two months later - mySA
Sep 30, 2024 · It's been nearly two months after USAA agreed on a lawsuit settlement of $64 million to select customers. However, the national military banking institution isn't releasing much details on how...
National Insurer USAA Consents to Settle SCRA Violation Suit for …
2 days ago · USAA opposed the class action suit but agreed to pay $64.2 million to avoid a lengthy legal process. They stated that about half of the settlement amount would be used to reissue uncashed refund checks. USAA further stated that it offers interest rates even lower than those required by the SCRA and Military Lending Act.
$64.2M USAA settlement receives initial approval - Top Class …
Sep 16, 2024 · A North Carolina federal judge granted preliminary approval to a $64 million settlement agreement resolving claims USAA Federal Savings Bank failed to provide service members with reduced interest rates as legally required.
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