What is it?
The Truist class action lawsuit 2022 is a lawsuit filed against Truist Bank alleging that the bank’s overdraft fees on certain transactions constitute interest and, as a result, that Truist has violated Georgia’s usury laws (which limit the amount of interest a lender can charge), committed conversion, and is liable for money had and received.
Who is involved?
The lawsuit was filed by a SunTrust consumer deposit account holder on behalf of himself and a proposed class of other SunTrust consumers who paid overdraft fees on certain transactions. SunTrust denies the allegations in the lawsuit.
What is the status of the lawsuit?
The lawsuit is currently pending in the State Court of Fulton County, Georgia. The court has certified a class of SunTrust consumers who paid overdraft fees on certain transactions. SunTrust has filed a motion to dismiss the lawsuit, but the court has not yet ruled on the motion.
What are the potential outcomes of the lawsuit?
If the plaintiffs are successful, Truist could be ordered to refund overdraft fees to class members, pay statutory damages, and/or pay punitive damages.
FAQs
Q: Am I eligible to participate in the Truist class action lawsuit?
A: You may be eligible to participate in the Truist class action lawsuit if you are a SunTrust consumer who paid overdraft fees on certain transactions. You can find more information on the class website: BICKERSTAFF v. SUNTRUST BANK: https://www.suntrustoverdraftclassaction.com/
Q: What is the deadline to request exclusion from the class?
A: The deadline to request exclusion from the class is June 6, 2022.
Q: What happens if I opt out of the class?
A: If you opt out of the class, you will not be entitled to any cash recovery that results from the lawsuit. You will also not be bound by Court rulings in the case. You will keep any right you have to assert claims on your own.
Q: What happens if I am a member of the class and the lawsuit is successful?
A: If you are a member of the class and the lawsuit is successful, you will be eligible to receive a share of any cash recovery that results from the lawsuit. The amount of your recovery will depend on the number of class members and the total amount of the recovery.
Q: What happens if I am a member of the class and the lawsuit is unsuccessful?
A: If you are a member of the class and the lawsuit is unsuccessful, you will not receive any compensation.
Q: How can I learn more about the Truist class action lawsuit?
A: You can learn more about the Truist class action lawsuit by visiting the class website: BICKERSTAFF v. SUNTRUST BANK: https://www.suntrustoverdraftclassaction.com/
Conclusion
The Truist class action lawsuit is a complex legal matter, and it is important to note that the outcome of the lawsuit is uncertain. However, if you are a SunTrust consumer who paid overdraft fees on certain transactions, you may be eligible to participate in the lawsuit and receive compensation.
References:
- BICKERSTAFF v. SUNTRUST BANK: https://www.suntrustoverdraftclassaction.com/
- Good Jobs First: https://violationtracker.goodjobsfirst.org/parent/truist-financial
- Truist Investor Relations: https://ir.truist.com/
Sources
Truist has taking out a $33.00 payment for life insurance they tried to force me into taking. That I did not which resulted in causing account to be overdrafted two times for a $72.00 within one week. equal =$105.00 they owe me.