In March 2020, a class-action lawsuit
was filed against Suffolk Federal Credit Union for allegedly falsely representing that customers are charged only one insufficient funds fee on a single transaction if their account does not have enough money to cover a transaction when, according to plaintiffs, the credit union routinely charges multiple fees on a single transaction. (Watson et al v. Suffolk Federal Credit Union
, Case No. 20-cv-1531, E.D.N.Y.)
For more of TINA.org’s coverage of banks and credit unions, click here.