What is it? An almost $3.8 million settlement will benefit certain customers of Citizens Bank who were charged annual fees, allegedly in error.
Plaintiffs Jasmeet and Scott Hayes filed this class action in April 2016. They allege Citizens Bank incorrectly charged annual fees to customers who held line of credit and home equity line of credit accounts. Holders of Charter One Bank accounts were also allegedly affected by these purportedly erroneous annual fees.