A class action lawsuit has been recently filed against HomeStreet Bank in the Washington Superior Court for King County alleging that the bank has been routinely charging more than one overdraft or nonsufficient funds fee on single transactions. The crux of the complaint is the challenge against the purported practice of multiple charges for a single banking transaction.
Law.com reported the issue after the case surfaced on Law.com Radar, a platform proficient at alerting professionals on newly-filed cases across the nation’s state and federal courts. Law.com Radar provides comprehensive coverage of state court cases nationwide and is the go-to resource for legal professionals to stay informed about new lawsuits in their region, practice areas, or client sectors.
The case in the Washington Superior Court forms part of a larger, nationwide narrative touching on banking practices and the imposition of fees. As the situation progresses, it will be interesting to see how the HomeStreet Bank responds to this lawsuit and how it might spearhead changes in banking practices in relation to the charging of overdraft and nonsufficient funds fees.