Founders Federal Credit Union – CA

Ahdoot & Wolfson is investigating a possible class action lawsuit against Founders Federal Credit Union regarding alleged improper overdraft fee practices. According to the allegations, Founders Federal Credit Union assessed and collected overdraft fees on certain debit card transactions, ATM withdrawals, and other account activity even when those transactions did not actually overdraw a customer’s account balance.

• Financial institutions are generally required to follow the terms of their account agreements when assessing overdraft fees. The lawsuit alleges that customers were charged fees they should not have incurred, resulting in unexpected charges and reduced account balances.
• Improper Overdraft Fees: Customers may have been charged overdraft fees on transactions that did not overdraw their accounts.
• Account Balance Practices: The investigation concerns how account balances were calculated and whether overdraft fees were assessed in accordance with account terms and disclosures.
• Potential Damages: Consumers may have paid overdraft fees that were not authorized under the applicable account agreement.
• Affected Consumers: Current and former Founders Federal Credit Union account holders who were charged overdraft fees.

If you maintained an account with Founders Federal Credit Union and were charged overdraft fees, you may be entitled to compensation. Please fill out the form below, and one of our attorneys will contact you promptly to discuss your potential claim.