Wednesday, November 26, 2014

How to claim Umpqua Bank Overdraft Settlement?

Umpqua Bank customers who have paid unfair overdraft fees while doing debit card transactions will receive their refund at UmpquaBankOverdraftSettlement.com.

Banking work looks easy to do over the period of years of mastery, but it is good to check out your every transaction to make sure no loop holes are present in transaction. Umpqua Bank has come across the class action for manipulating debit card transactions to customer account for increase in the overdraft fees. If your Umpqua bank transactions are also manipulated, then file claim into the Umpqua Bank Overdraft Settlement to get your part of refund form $2.9 million settlement fund.

Umpqua bank branch

Plaintiffs has claimed that Umpqua Bank has posted debit card transactions for the highest to lower dollar amount which leads to increase in the number of overdraft fees. Class member claims that Umpqua Bank’s overdraft fee practices are unfair and deceptive that failed bank to disclose its policies in correct manner. Bank has denied of all the allegations and said that there is no unfair overdraft practices were performed in Umpqua Bank.

Every customer who had one or more Umpqua Bank consumer checking accounts accessed with a debit card during the time period of January 1, 2006 to October 15, 2010 and paid overdraft fee as a result of Umpqua Bank’s practice of posting debit card transaction in order from the highest to lowest dollar amount will be considered as an eligible class member to get refund into the settlement. Final hearing of class action is going to take place on February 19, 2015. Deadline to object to settlement is December 19, 2014.

Highlights of Umpqua Bank Overdraft Settlement:

Official site of class action settlement: UmpquaBankOverdraftSettlement.com

Claims Administrator:
Umpqua Bank Overdraft Fee Litigation
P.O. Box 3757
Portland, OR 97208-3757
1-877-797-5828
info@UmpquaBankOverdraftSettlement.com

Final hearing date: February 19, 2015

Last date to object settlement: December 19, 2014

Class Counsel:
Jeffrey M. Ostrow
KOPELOWITZ OSTROW PA
Hassan Zavareei
TYCKO & ZAVAREEI LLP

Defense Counsel:
Scott Jacobs
REED SMITH LLP

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