Home Must Reads Umpqua hit with overdraft lawsuit

Umpqua hit with overdraft lawsuit

| Print |  Email
Must Reads
Thursday, January 05, 2012

 

Portland-based Umpqua Bank is the latest to be hit with a class-action lawsuit for the way it charges overdraft fees.

 

The lawsuit, filed by California resident Amber Hawthorne, seeks to recover at least $5 million in damages and fees for Umpqua customers who got hit with an overdraft fee after the bank re-sequenced their debit-card transactions from highest to lowest. 
The lawsuit alleges the bank decided when, whether and how to post debit transactions. It also regrouped transactions that occurred on separate days before re-ordering them from highest to lowest, according to the complaint. 
That resulted in more overdraft fees than if the transactions had been posted in the order in which they were made, Hawthorne's suit says. Account statements given customers, however, presented transactions from lowest to highest, the lawsuit states.

 

Read more at OregonLive.com.

{biztweet}umpqua lawsuit{/biztweet}

 

 

 

More Articles

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS