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 addition to enrolling them in products they didn't want, the Express-News reports.
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 addition to enrolling them in products they didn't want,
The settlement still requires a judge's approval, and USAA officials said they continue to dispute the allegations in the suit, according to theA USAA spokesman told the newspaper that while company officials dispute the suit's claims, they decided it was best to avoid “lengthy and expensive litigation.” The company's primary customer base is members of the U.S. military and their families.
If the settlement is approved, it would close out a three-year legal dispute that also accused USAA of failing to make adequate efforts to ensure customers actually received those checks.
Usaa Federal Savings Bank Usaa Lawsuit Class Action Lawsuit Banking Insurance San Antonio Companies Military Members Veterans
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Documentary featuring San Antonio band Pariah to debut this week at San Antonio Film FestivalSan Antonio metal band Pariah will feature heavily in a new documentary about infamous Austin rock venue The Back Room, which will make its debut this weekend at the San Antonio Film Festival. Bloody & Bruised: The Untold Story of the Back Room, directed by J. Budro Partida, will screen this Saturday at 7 p.m. at the Radius Center.
Read more »
Green Bay Packers, Kenny Clark reportedly agree on a $64 million, 3-year contract extensionThree-time Pro Bowl defensive tackle Kenny Clark and the Green Bay Packers have reportedly agreed on a $64 million, three-year contract extension.
Read more »
Powerball winning numbers for Monday, July 15, 2024; jackpot $64 millionIf you have a Powerball ticket, time to check if you have the winning numbers.
Read more »
Powerball: See the winning numbers in Monday’s $64 million drawingCheck your numbers to see if you hit it big in Monday's jackpot.
Read more »
My trusty 1080p webcam is down to just $64 for Prime DayI've found the Logitech C920 webcam to be a trusty and worthwhile part of my computer setup for a long time. Now, for early Prime Day deals, it's just $64.
Read more »
Walmart cut the price of this ice maker from $130 to $64 todaythe Kissair Countertop Ice Maker is the perfect appliance to grab for this rapidly heating summer, and this deal will knock $66 off the price tag.
Read more »