McCuneWright receives preliminary court approval for $1.8 million class action settlement for illegal overdraft fees on behalf of Orange County Credit Union members
McCuneWright LLP, filed a class action in Superior Court of Orange County on June 17, 2013, alleging that Orange County Credit Union (OCCU), breached its customer account agreement by unlawfully charging overdraft fees for debit transactions when customers had sufficient money in their accounts to cover these transactions. After litigating this case, a class-wide settlement was reached where OCCU has agreed to pay $1.8 million and change and clarify its disclosures of the overdraft practice. Affected OCCU customers will receive approximately $28.00 for each improper $29.00 overdraft fee imposed.
Further information is available at www.orangecountycreditunionoverdraftsettlement.com.