Client Arbitrations Against Citizens Bank for Unfair Overdraft Fees
Clients could reclaim their fees (and more) through arbitration
Client Arbitrations Against Citizens Bank for Unfair Overdraft Fees
If you are a customer of Citizens Bank, and feel you might have been the victim of unfair or excessive overdraft fees, then you could potentially be eligible to join a mass arbitration lawsuit against the bank.
Shamis & Gentile, P.A. is accepting qualified clients to bring claims against Citizens Bank 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 Citizens Bank for their immoral and sometimes illegal practices.
Our law firm has extensive experience representing consumers in client mass arbitration lawsuits against banks and other financial institutions for unfair overdraft fees.
We understand the impact that these fees can have on your financial wellbeing, and we are committed to helping you hold Citizens Bank accountable for its actions. We would like to hear from you with any concern you might have in this regard, so contact us today and learn more about your options.
About unfair overdraft fees
Consumers without an intricate view of the specific legal ramifications might not always be aware of whether they have been charged unfair overdraft fees by Citizens Bank. But if you have been charged an unexplained or excessive fee, that could very well be a sign of unfair overdraft fee practices.
In order to make an informed decision about joining a client arbitration lawsuit against Citizens Bank, you have the option of contacting one of our professionals, who can then take a look at your bank statements and policies, in order to conclude whether or not the bank acted within the legal guidelines or not.
Not only can it be helpful to consult with us when it comes to determining whether you are a victim of unfair overdraft fees, but we can also evaluate how strong a case you have, as well as advise on the best course of action going forward.
We have many years of experience dealing with such cases, and have the resources to go all the way to court if need be. Contact us today to learn more about any potential deadlines or limitations, as well as learn more about your options and rights as a consumer.
Investigations into Citizens Bank and unfair overdraft fees
Citizens Bank was founded back in 1949, and was an immediate success, with over $1 million in deposits during the first day alone. Over the years the bank has undergone several mergers and acquisitions, expanding its reach throughout the Northeast and Midwest regions of the United States.
Over the next decades the bank grew exponentially in size, and is estimated to employ more than 18,000 people today. Citizens Bank operates over 1,000 branches across 11 states in the Northeast and Midwest regions, providing banking, lending, and investment services to individuals, businesses, and institutions.
This success has not been without challenges. Back in 2012 Citizens Bank joined the ranks of many other American banks to settle in a massive class action lawsuit. The bank eventually had to pay $137.5 million in damages and restitutions to the affected consumers, due to the unfair practices of overdraft fees imposed on the customers.
Lately the bank has begun to transition away from offering accounts with overdraft fees, but if you feel as though you have been a victim of such unethical practice in the past, or presently, consider contacting us to learn more about how to protect your rights.
Submit Arbitration Claim with Shamis & Gentile, P.A.
Shamis & Gentile, P.A. is accepting qualified clients to bring claims against Citizens Bank 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 Citizens Bank for their immoral and sometimes illegal practices.
FAQS
Is mass arbitration the same as class action?
No. Mass arbitration and class action are similar in that they both involve a group of individuals pursuing a legal claim against a company.
A class action lawsuit is a single lawsuit that is filed on behalf of many individual members. All of whom have been affected by the actions of the company in question. Whatever the conclusion of the case might be, this result will then apply to all members of the class action, and any potential compensation will be distributed among the members as well.
In the case of mass arbitration, each individual member of the group pursues their own arbitration claim against the company. The arbitration process is similar to a trial (as mentioned above), but it takes place outside of the traditional court system and is generally faster and less expensive than a court trial.
As opposed to a class action lawsuit, the results of each individual arbitration claim are separate, and can therefore vary depending on the specifics of each case.
What is the process of filing a arbitration lawsuit against Citizens Bank for their potentially unfair overdraft fees?
The first step is to determine whether or not you have a strong case. By contacting us for a free consultation, we can help you figure out the exact details of your situation. Submit a claim with Shamis & Gentile, P.A. Today.
How do I know if I have been charged unfair overdraft fees by Citizens Bank?
If you have been paying overdraft fees without fully being informed about the fees then the bank might have been hiding their structure. This is considered an unfair fee. It is also possible that you have paid too much in relation to your transaction.
If you for instance had a transaction of $10, but were charged $35 for the overdraft fee, that would be considered an unfair amount and thus you might have a strong case on your hands. It is also possible for banks to reorder the transactions, making you pay multiple fees for a single transaction.
In order to correctly determine whether this is the case, you can contact Shamis & Gentile, P.A. who will go over the specifics in detail.
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.