Client Arbitrations Against BOK Financial for Unfair Overdraft Fees
Clients could reclaim their fees (and more) through arbitration
Client Arbitrations Against BOK Financial for Unfair Overdraft Fees
Shamis & Gentile, P.A. is accepting qualified clients to bring claims against BOK Financials for their allegedly unfair overdraft and NSF (Non-Sufficient Fund) practices which have cost customers millions of dollars. We are pleased to offer qualified clients the opportunity to bring claims against BOK Financials for their immoral and sometimes illegal practices.
This is because the BOK Financials already has a history of using unfair practices to charge overdraft fees to its customers, and many individuals and businesses have been affected over the years.
Shamis & Gentile, P.A., is committed to holding the BOK Financials accountable for its actions and to seek justice for those who have been wrongfully treated. We believe that individuals and businesses should not be subjected to these kinds of unfair practices, and we are here to help you fight back.
So if you feel you might have been charged unfair overdraft fees by the Bank of Oklahoma, consider contacting us today and sending your latest bank statements so we can find out whether you are entitled to compensation.
Our team of experienced attorneys are ready to help you navigate the legal process and seek the justice you deserve. Contact us today to learn more about your legal rights and options.
How mass arbitration lawsuits can help consumers
One of the most powerful tools we have at our disposal is the class action lawsuits. These types of legal proceedings are especially effective when dealing with large corporations like banks that have a legal powerhouse of their own.
By joining a mass arbitration lawsuit, you are able to combine your own evidence and experience with BOK Financials, with the many others whom experienced the same banking issues. This will often lead to discovering patterns in their patterns, as well as open up the bank on multiple fronts. Not only will you be part of something larger than just your own case, you will also stand a better chance of seeing justice served at the end.
However, most mass arbitration lawsuits move forward at a fairly decent pace. Thus it is important to act quickly. Not only will you find that most class actions have a set deadline, but there is also the statute of limitations and other considerations to keep in mind.
The good news is that you as a consumer will not need to pay out of pocket for joining a mass arbitration lawsuit, nor will you need to navigate this process all alone. While a proper mass arb lawsuit is fairly complex, that is where we come in. Our team has all the necessary knowledge and experience to help guide you through the process, and make it easier for you to understand your options.
Finally it is important to consider that a mass arbitration lawsuit can benefit hundreds, if not thousands of people. This is because you can help ensure that the Bank of Oklahoma stops their practices for future customers, as well as help get compensation for all members of the class action that was already affected by their shady practices.
Investigations into BOK and unfair overdraft fees
BOK Financials is one of the larger banks in the U.S. It was founded more than a 100 years ago, back in 1910 to be precise. Over the years the bank has grown to become a national landmark, and has been involved in various settlements regarding unfair overdraft fees.
One such example is Terry Case v. Bank of Oklahoma, N.A. This case began as a class action lawsuit, with the goal of recovering damages from the unfair overdraft fees imposed on Terry Case and the other members of the class action.
The case was settled in state court, with the plaintiffs receiving $19 million in damages. Totaled up, the settlement accounted for roughly 46% of the total amounts incurred by overdraft fees when considering the class action members.
Shamis & Gentile, P.A. is accepting qualified clients to bring claims against BOK Financials for their allegedly unfair overdraft and NSF (Non-Sufficient Fund) practices which have cost customers millions of dollars. We are pleased to offer qualified clients the opportunity to bring claims against BOK Financials for their immoral and sometimes illegal practices.
FAQS
What are overdraft fees, and how do they work at BOK Financials?
In short, overdraft fees are what the consumer pays the bank for going below zero on their account balance. In general this practice can be legal and fair, but many banks have been speculating in ways of making it more likely that consumers will encounter these fees.
BOK Financials in particular has not only been accused of charging excessive overdraft fees and manipulating the order in which transactions are processed in order to maximize these fees, but also settled previous cases concerning this practice.
Can I join a mass arbitration lawsuit against Bank of Oklahoma for its unfair overdraft fee practices?
Yes. It is in many cases possible for you to join such a lawsuit, and maybe even successfully getting compensated for your unfair treatment. We are always ready for a consultation where we can go over your exact legal options.
What is Bank of Oklahoma accused of in relation to its overdraft fee practices?
In the past Bank of Oklahoma has been accused of engaging in unfair and deceptive practices by charging excessive overdraft fees, manipulating transaction processing orders, and failing to provide customers with adequate information about these fees. This has led to settlements where Bank of Oklahoma paid the plaintiffs to avoid court.
How long does it typically take for a mass arbitration lawsuit against BOK Financials to be resolved?
The timeline for resolving a mass arbitration lawsuit can vary depending on a number of factors, including the complexity of the case and the number of parties involved. However, mass arbitration lawsuits can take several months or even years to reach a resolution.
About Shamis & Gentile
Shamis & Gentile, P.A. has and continues to provide outstanding legal services in the Florida, Georgia, Ohio, Arizona, Illinois, New York and Texas communities. Our seasoned attorneys are some of the most innovative and progressive attorneys in the profession. Shamis & Gentile, P.A. has the resources, infrastructure and staff to successfully represent large putative classes. The attorneys and staff are not simply litigators, but directors of creating successful results with the ultimate level of satisfaction by the clients.