Financial Institutions May Be Assessing Unlawful Charges on Previously Closed Accounts: What You Need to Know 

The Consumer Financial Protection Bureau (CFPB) has received reports from consumers across the nation that major financial institutions are reopening closed deposit accounts and charging overdraft, nonsufficient funds (NSF), and maintenance fees after the account has already been closed. After consumers have closed deposit accounts, financial institutions will then unilaterally reopen those accounts to process debits or deposits, which can lead to unavoidable assessment of fees.  

What can Affected Bank Account Owners Do? 

Although McCune Law Group is not accepting new cases at this time, you still have legal options. If you’ve experienced issues with your bank account being reopened, you can:   

  • Check the CFPB Website: Check the CFPB website for more information regarding this matter and more information on legal avenues you may be able to take. 
  • Explore Other Legal Avenues: If you’ve experienced financial hardship due to this issue, you may still qualify for legal action. Explore our financial services case page for more details.

Related Cases and Legal Areas  

Though we’re not currently taking cases related to reopening of closed bank accounts, we may be able to assist you with a similar matter. We recommend exploring the following practice areas:  

  • Financial Services: Concerns related to borrowing, lending, or otherwise transacting are best addressed by a financial services attorney.
  • Commercial Litigation: Business owners looking for legal strategies pertaining to anti-trust violations fraud, breach of fiduciary duty and other matters may be best served by an attorney specializing in commercial law. 
  • Class Action: When multiple parties have been harmed by the same issue, they may form a class to pursue justice as a collective. 

Need Legal Assistance? 

If you’re dealing with another financial issue or class action related matter, our experienced attorneys are here to help. Get in touch with our financial services team to explore your legal options. 

For general inquiries, you can reach us at (909) 345-8110 or via our online form. 

Final Note 

This page is no longer accepting new clients for the reopening of closed bank account claims but remains active as an informational resource to serve affected account owners.   

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Counsel Richard McCune is licensed to practice only in the state of California.  The law firm of McCune Law Group has attorneys licensed to practice law in AZ, CA, IL, MO, NJ, NY, and PA.  This information section is not intended to be a solicitation for services in states where it is forbidden for non-barred attorneys from advertising for services, and McCune Law Group does not have attorneys barred in that state. McCune Law Group is a national firm that brings lawsuits in a majority of the states. In states where one of its attorneys are not barred, it does so by filing the complaint along with local counsel barred in that state.  

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