A San Jose, Calif.-based attorney has filed seven class action lawsuits against credit unions, alleging overdraft shenanigans.
Attorney Fernando F. Chavez and his counterparts in Alabama have filed suits against the $9.4 billion SchoolsFirst Federal Credit Union of Santa Ana, Calif.; the $6 billion Star One Credit Union of Sunnyvale, Calif.; the $1.3 billion Kern Schools Federal Credit Union of Bakersfield, Calif.; the $2 billion Educational Employees Credit Union of Fresno, Calif., the $8.4 billion Alliant Credit Union of Chicago; the $590 million Alabama Telco Credit Union of Hoover, Ala.; and the $1.25 billion America's First Federal Credit Union of Birmingham, Ala. The lawsuits were filed between June 21 and June 26.
The $751 million Xceed Financial Federal Credit Union of El Segundo, Calif., was the target of a similar lawsuit in April.
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