Client Arbitrations Against United Community Bank for Unfair Overdraft Fees
Clients could reclaim their fees (and more) through arbitration
Client Arbitrations Against United Community Bank for Unfair Overdraft Fees
Have you ever had to pay overdraft fees as a customer at United Community Bank? Then you are not alone. Shamis & Gentile, P.A. is accepting qualified clients to bring claims against United Community 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 United Community Bank for their immoral and sometimes illegal practices.
Not only are these unfair and excessive overdraft fees immoral, but they can also be a significant financial burden on families with lower incomes, potentially affecting the life quality of the household in general.
This is why Shamis & Gentile, P.A., are looking for consumers who might have been paying unfair overdraft fees at United Community Bank. We help people figuring out what legal options are available, and whether you potentially could seek justice and recover damages for the harm caused by these unfair fees.
Our law firm has extensive experience representing consumers in class action lawsuits against banks and other financial institutions, including in relation to unfair overdraft fees. We can help protect your legal rights and take action in order to hold United Community Bank accountable for its actions.
Contact us today to learn more about how we can help you seek justice and recover the damages you deserve.
About mass arbitration lawsuits in relation to unfair overdraft fees
A mass arbitration lawsuit is a powerful tool that allows individuals who have been harmed by unfair overdraft fee practices to join forces and seek justice. A mass arbitration can consist of hundreds of individual consumers that have been wronged, and thus pose a significant threat to the bank.
Fortunately there has been a growing awareness in our society on a whole regarding these practices. In fact 2010 saw a new law passed, the Overdraft Protection Law, which prohibits banks from automatically signing up their customers for overdraft protection when it comes to transactions that were not preauthorized.
While this has been a great step in the right direction, banks have still been settling in and out of court since the law was enacted. Thus there is still a problem in the banking world when it comes to unfair overdraft fees.
In order to hold the banks accountable, and let them know that consumers will not stand for these excessive fees, individuals have a strong option in a mass abritration lawsuit. This is a potential way for consumers to recover damages and send a strong message to the industry.
Shamis & Gentile, P.A., would love to hear from you if you are considering a class action lawsuit against United Community Bank, find out whether you have been charged unfair overdraft fees, or just wish to learn more about your legal options. So contact us today and get the ball rolling.
Investigations into United Community Bank and their unfair overdraft fees
United Community Bank saw the first light of day in 1950, back when it was still called Union County Bank. Since then the company has grown to holding more than $15 billion in assets, being traded on the Nasdaq and more.
Recently, United Community Bank has been sued in a class action lawsuit started by Dennis A. Jones. In this suit the plaintiff alleges that not only has the bank been charging unethical overdraft fees, but these fees have even been charged when the bank account in question had sufficient funds to cover the transaction.
As of writing, the case is still ongoing. It is an interesting case to follow, since many other consumers have been experiencing issues with United Community Bank and unethical fees.
Advice for consumers considering a mass arbitration lawsuit
If you are serious about getting compensation, holding United Community Bank accountable, and obtaining justice, then you should consider the following.
Gather all relevant documentation
In order to fully make your case, it is necessary that you save as many documents as possible. This can be everything from previous correspondence with the United Community Bank, as well as your bank statements, policies you have signed, and any other records that demonstrate the excessive overdraft fees you have been unfairly charged.
Understand your legal rights
You should also fully understand what legal rights you have, as well as the potential risks and benefits of participating in such a lawsuit. In this case you will not be required to pay attorney fees, as Shamis & Gentile, P.A., provides our services on a contingency basis, meaning we will be paid by the United Community Bank, if the case proves to be successful.
Submit Arbitration Claim with Shamis & Gentile, P.A.
Shamis & Gentile, P.A. is accepting qualified clients to bring claims against United Community 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 United Community Bank for their immoral and sometimes illegal practices.
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 are overdraft fees, and when do they become unfair?
Overdraft fees are the charges that banks impose on a transaction that sends the account into a negative balance. Typically such a fee ranges between $20 and $40, depending on the particular bank in question.
In order for an overdraft fee to be considered unfair, there are a few different ways in which that can happen. The most common is when banks are not clearly informing their customers about these fees, but it could also be in relation to the transaction itself. For example, if a bank charges $35 in overdraft fees for a $5 overdraft, that may be considered excessive and unfair.
How do mass arbitration lawsuits relate to overdraft fees?
Mass arbitration lawsuits are a legal tool used to help consumers seek justice and recover damages when they have been harmed by unfair business practices, such as excessive overdraft fees.
By joining together in a Mass arbitration lawsuit, consumers can hold banks accountable for their actions and recover compensation for the harm caused by these fees.
What is United Community Bank’s history with overdraft fees?
United Community Bank has been the subject of multiple lawsuits related to excessive overdraft fees. In 2010 the bank settled a class action lawsuit for $9 million related to its overdraft fee practices.
More recently, in 2020 the bank was hit with another class action lawsuit related to overdraft fees. That case is still ongoing.
How can Shamis & Gentile, P.A., help me and my case with United Community Bank?
We can first and foremost help you understand your legal rights and options, as well as determine whether you are eligible to join a mass arbitration lawsuit against the bank. If that is the case, then we are also capable of handling the entire process from start to finish, making it an easy choice for you.
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.