Flagstar Financial Settles $1.23 Million Class Action Over NYCB ATM and NSF Fees, NYCB class action settlement – Somos Hermanos –
By: Mkeshav
On: Sunday, November 23, 2025 8:15 AM
Flagstar Financial, formerly known as New York Community Bank (NYCB), has agreed to a $1.23 million settlement resolving a class action lawsuit over alleged unfair multiple ATM fees and retry non-sufficient funds (NSF) fees.
The settlement covers individuals who held checking accounts with New York Community Bank and were charged retry NSF fees or overdraft fees on check or automated clearing house (ACH) payments from March 2, 2017, to January 1, 2020. It also applies to those charged multiple out-of-network ATM fees on withdrawals preceded by a balance inquiry between August 20, 2020, and February 20, 2024.
The lawsuit claimed NYCB improperly charged multiple fees on the same ATM transactions and check payments, in violation of customer agreements. While the bank has not admitted wrongdoing, it agreed to the settlement to resolve the dispute.
Settlement payouts will be proportional to fees charged on NSF and overdraft transactions. For ATM fee allegations, affected customers will receive a flat payment of $25. Current account holders will get credits directly to their accounts, while former customers will receive checks.
No claim forms are required; eligible account holders will automatically receive benefits unless they opt out. The deadline to exclude or object to the settlement is December 15, 2025. A final approval hearing is set for January 13, 2026.
NYCB rebranded as Flagstar Financial in 2024 after acquiring Flagstar Bank in 2021, operating branches nationwide from its New York base.
Affected customers can check eligibility and settlement details through official settlement notices and the designated claims website.
November 23, 2025
November 23, 2025
November 23, 2025
November 23, 2025
November 22, 2025
November 22, 2025
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
On: Sunday, November 23, 2025 8:15 AM
Flagstar Financial, formerly known as New York Community Bank (NYCB), has agreed to a $1.23 million settlement resolving a class action lawsuit over alleged unfair multiple ATM fees and retry non-sufficient funds (NSF) fees.
The settlement covers individuals who held checking accounts with New York Community Bank and were charged retry NSF fees or overdraft fees on check or automated clearing house (ACH) payments from March 2, 2017, to January 1, 2020. It also applies to those charged multiple out-of-network ATM fees on withdrawals preceded by a balance inquiry between August 20, 2020, and February 20, 2024.
The lawsuit claimed NYCB improperly charged multiple fees on the same ATM transactions and check payments, in violation of customer agreements. While the bank has not admitted wrongdoing, it agreed to the settlement to resolve the dispute.
Settlement payouts will be proportional to fees charged on NSF and overdraft transactions. For ATM fee allegations, affected customers will receive a flat payment of $25. Current account holders will get credits directly to their accounts, while former customers will receive checks.
No claim forms are required; eligible account holders will automatically receive benefits unless they opt out. The deadline to exclude or object to the settlement is December 15, 2025. A final approval hearing is set for January 13, 2026.
NYCB rebranded as Flagstar Financial in 2024 after acquiring Flagstar Bank in 2021, operating branches nationwide from its New York base.
Affected customers can check eligibility and settlement details through official settlement notices and the designated claims website.
November 23, 2025
November 23, 2025
November 23, 2025
November 23, 2025
November 22, 2025
November 22, 2025
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
