Cathay Bank Overdraft Fees Checking Charges Investigation
The national law firm of Lieff Cabraser Heimann & Bernstein, LLP is investigating the alleged practice by Cathay Bank of allowing customers to make debit charges to their ATM, debit or check cards even when the customer has insufficient funds in their account. Cathay Bank allegedly debits checks in order of the largest to smallest to increase the likelihood that customers will overdraw, and overdraw multiple times.
It has been further alleged that Cathay Bank debits purchases from ATM, debit or check cards and checks written on the account before it credits deposits into the account for the same reason.
Cathay Bank customers have complained that all of these alleged business practices are purportedly for the purpose of assessing customers overdraft fees and charges.
Consumer Legal Rights
State and federal consumer protection laws provide consumers who were victimized by unlawful business practices. In many consumer protection cases, however, the cost of prosecuting individual lawsuits for each consumer is prohibitive.
The law does not leave the consumer powerless. Individual consumers may band together in a class action lawsuit, thereby representing all consumers who were victimized by a deceptive business practice. A class action can provide an effective means for consumers to force a corporation to acknowledge its legal responsibilities, halt fraudulent practices and provide monetary relief to all members of the class.
Contact Plaintiff Attorneys
Customers alleging they were assessed improper or excessive overdraft fees, please click here to submit your complaint to a consumer protection attorney. There is no charge or obligation for the review of your complaint. |
