June 12, 2024
Customers suing Axos urged a federal judge not to let the bank arbitrate their claims in a consolidated dispute over how it handled interest rates on savings deposit accounts offered through online banking division UFB Direct, arguing that the court, not an arbitrator, must decide arbitrability.
April 17, 2024
A California federal judge has agreed to consolidate a pair of cases over how Axos handled interest rates on savings deposit accounts offered through an online banking division, but rejected its customers' bid to name three law firms as interim co-lead counsel, saying it is not necessary at this time since more consolidation could occur.
March 11, 2024
Two consumers who separately sued Axos Bank over its handling of interest rates on savings deposit accounts offered through one of its online divisions have urged a California federal judge to consolidate their lawsuits and appoint three law firms representing them as interim co-lead counsel in the combined case.
December 14, 2023
Axos Bank has been hit with a proposed class action alleging an online division of the company has repeatedly pulled "a classic bait and switch" on consumers with misleading advertising about high-yield savings accounts.