San Antonio's USAA to pay $64.2 million to settle claim it overcharged service members

by Sanford Nowlin

San Antonio-based financial services giant USAA will pay out $64.2 million to settle a class-action lawsuit accusing its bank of overcharging service members and veterans on fees and rates in addition to enrolling them in products they didn't want, the Express-News reports. The class involved in the suit numbers about 210,000 people, and the settlement, reached after roughly a year of mediation, amounts to a little more than $200 each, according to the daily, which cites papers filed Friday in North Carolina federal court. Each of the suit's five named plaintiffs would collect $20,000.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(832) 338-8777

kelly@glassrealtygrp.com

Antonio, Texas, 78260, United States

GET MORE INFORMATION

Name
Phone*
Message