Sezzle Hid Risk Of Bank Overdraft Fees, Proposed Class Says

By Sarah Jarvis (May 6, 2022, 4:23 PM EDT) -- Point-of-sale loan company Sezzle Inc. was hit with a proposed class action in a California federal court on Friday accusing the company of deceiving customers into using its buy-now, pay-later service without disclosing the risk that users will incur significant bank overdraft fees.

Plaintiff and Long Beach, California, resident Michael Sliwa alleged in Friday's complaint that while the Minneapolis-based company claims in its marketing that it may charge users fees when there are insufficient funds for a payment, it never warned users that they might suffer repeated bank fees for using Sezzle. Sliwa purports that those constitute "huge, undisclosed" fees and...

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