Navy Federal debit card fee settlement overview
Navy Federal Credit Union has agreed to pay $5.5 million to settle a class action lawsuit alleging it improperly assessed debit card fees known as International Service Assessment (ISA) fees. The lawsuit claimed that Navy Federal charged these fees on foreign purchases even when accountholders were physically located in the United States, between August 9, 2016, and March 24, 2023.
Who qualifies for the settlement
Eligible accountholders may receive compensation under the settlement terms:
- A $4.00 base payment for each valid claim submitted
- Additional payments depending on the number of claims filed and the amount of ISA fees actually incurred
Class members must submit a valid claim form by August 8, 2024, to receive payment. Notices have already been sent to identified members of the settlement class.
Settlement deadlines and claim process
- Claim form deadline: August 8, 2024
- Final approval hearing: July 24, 2024
- Payments will be distributed after court approval and administrative processing
KalielGold’s role as class counsel
The plaintiffs were represented in part by KalielGold PLLC, a consumer protection law firm with offices in Washington, DC and Oakland, California. KalielGold has led numerous banking fee cases nationwide and was directly involved in securing this navy federal debit card fee settlement.
By serving as class counsel, KalielGold helped ensure meaningful relief for accountholders while holding Navy Federal accountable for practices alleged to be deceptive and unfair.
What this means for accountholders
If you were charged debit card fees by Navy Federal during the class period, you may be entitled to compensation. This case reflects a broader movement to challenge hidden and unfair banking fees through class action litigation.
Why debit card fee lawsuits matter
Debit card fee lawsuits provide more than just financial recovery—they push banks and credit unions to adopt clearer disclosures and fairer practices. For many consumers, these cases represent an important safeguard against unexpected charges that can add up over time.
Were you charged unfair debit card fees?
KalielGold is committed to protecting consumers from improper financial practices. If you believe you were unfairly charged debit card fees, you may have legal options.
Contact KalielGold PLLC today to learn more about your rights and how we can help.
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