$5M USAA Maryland late fee class action settlement

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Max Payout

TBD

Filing Deadline

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USAA has agreed to pay $5 million to settle a class action lawsuit in Maryland over claims the company failed to pay interest on late fees that were refunded to policyholders. The lawsuit alleged that when USAA refunded late fees to Maryland customers, they should have also paid interest on those refunds but failed to do so. If you had a USAA policy in Maryland and received a late fee refund, you might be eligible for compensation from this settlement. The settlement ensures that affected policyholders receive the interest they should have been paid on their refunded late fees.

Who Is Eligible?

You may be eligible to file a claim if you:

You had a USAA insurance policy in Maryland
You were charged late fees on your USAA policy
USAA later refunded those late fees to you
You did not receive interest payments on those refunded late fees

How Much Can You Get?

The total settlement fund is $5 million, which will be distributed among eligible Maryland USAA policyholders. Your individual payout will depend on factors such as the amount of late fees you had refunded and how long USAA held those fees before refunding them. Details about specific payout amounts are still pending.

How to File Your Claim

Filing your claim is quick and easy:

Check if you meet the eligibility requirements listed above
Gather any documentation of your USAA policy and late fee refunds
Wait for official claim filing instructions to be announced
Download the Class Action Buddy app to get notified when the claim form becomes available and get help filing your claim

Frequently Asked Questions

Who qualifies for the USAA Maryland late fee settlement?

Maryland residents who had USAA insurance policies, were charged late fees that were later refunded, but did not receive interest on those refunds may qualify for compensation.

How much money can I get from the USAA settlement?

The total settlement is $5 million. Individual payouts will depend on the amount of late fees you had refunded and other factors. Specific payout amounts have not been announced yet.

When is the deadline to file a USAA late fee claim?

The claim filing deadline has not been announced yet. Settlement details are still being finalized. Download Class Action Buddy to get notified when claim filing opens.

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