October 25, 2024
Smith & Lowney PLLC, Hagens Berman Sobol Shapiro LLP and Ballew Puryear PLLC have asked a North Carolina federal court to award them $17.6 million in fees for the work they did to secure a $64 million settlement from USAA on behalf of borrowers who served in the military.
September 06, 2024
USAA Federal Savings Bank garnered initial approval of a $64.2 million settlement that draws to a close nearly three years of litigation over claims it disregarded federal laws protecting military borrowers, according to an order filed Friday in North Carolina federal court.
August 05, 2024
USAA Federal Savings Bank will pay $64.2 million to end a proposed class action alleging it flouted federal laws protecting military borrowers, according to newly filed settlement documents in North Carolina federal court.
August 16, 2023
USAA Federal Savings Bank is looking to dodge portions of a proposed class action claiming it ripped off military borrowers, saying in multiple motions that the current and former military service members behind the lawsuit lack standing to sue.
April 24, 2023
USAA has slammed a request for discovery sanctions against it in a suit alleging the bank ripped off military borrowers, calling the motion "premature and overreaching" and claiming that any production delays have been justified due to the volume of information sought.
February 17, 2023
A North Carolina federal judge has overruled USAA's bank examination privilege objections to discovery demands in a proposed class action alleging its banking arm ripped off military borrowers, ordering the production of documents withheld as potentially regulator-restricted.
May 31, 2022
USAA Federal Savings Bank faces a proposed class action alleging the bank failed to comply with federal laws, and its own policies, providing service members with reduced interest rates on financial services products when the service members are on active duty.