Common Contracts

SETTLEMENT AGREEMENT

Settlement Agreement • October 15th, 2020

• Contract Type
  Settlement Agreement
• Filed
  October 15th, 2020

 A Settlement has been reached in a class action lawsuit claiming that from August 16, 2010, through March 15, 2014, Webster Bank N.A. (“Webster”) improperly assessed “Overdraft Fees” for one or more debit card transactions that were authorized in real time by Webster when there were sufficient available funds in customer accounts to pay the full amount of the authorized transaction, but later presented to Webster for payment at a time when there were insufficient available funds in customer accounts to pay the full amount of the transaction as a result of other items having been presented and paid. Webster denies the allegations in the lawsuit and the Court has not decided who is right.