$1.7M Navy Federal Credit Union EFTA class action settlement

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Max Payout

TBD

Filing Deadline

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Proof Required?

Navy Federal Credit Union has agreed to pay $1.7 million to settle a class action lawsuit involving the Electronic Fund Transfer Act (EFTA). The lawsuit alleged that the credit union violated federal law by making unauthorized electronic fund transfers from members' accounts. If you're a Navy Federal Credit Union member who experienced unauthorized electronic transfers, you may be eligible for compensation from this settlement. The EFTA protects consumers from unauthorized electronic transactions and requires financial institutions to follow specific procedures when handling electronic transfers.

Who Is Eligible?

You may be eligible to file a claim if you:

You were a Navy Federal Credit Union member during the relevant time period
You experienced unauthorized electronic fund transfers from your account
You suffered financial harm as a result of these unauthorized transfers
Details about specific dates and eligibility requirements are pending final settlement approval

How Much Can You Get?

The total settlement fund is $1.7 million, which will be distributed among eligible class members. The exact amount each person receives will depend on factors such as the number of valid claims filed and the extent of damages experienced by each class member. Specific payout amounts per claim are still being determined as part of the settlement approval process.

How to File Your Claim

Filing your claim is quick and easy:

Gather documentation of your Navy Federal Credit Union account and any unauthorized electronic transfers
Review the final settlement notice when it becomes available to confirm eligibility details
Complete and submit the required claim form by the deadline
Download the Class Action Buddy app to help you track this claim and discover other settlements you may qualify for

Frequently Asked Questions

What is the Navy Federal Credit Union EFTA settlement about?

This $1.7 million settlement resolves claims that Navy Federal Credit Union violated the Electronic Fund Transfer Act by making unauthorized electronic transfers from members' accounts.

How much money can I get from the Navy Federal EFTA settlement?

Individual payout amounts haven't been announced yet. The total settlement is $1.7 million, and payments will depend on how many people file valid claims and the extent of each person's damages.

Do I need proof to file a Navy Federal EFTA settlement claim?

Documentation requirements are still being finalized. You'll likely need records showing your Navy Federal membership and evidence of unauthorized electronic transfers from your account.

Ready to File Your Claim?

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