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“Named Plaintiffs” Brandy Morris, Brenda Gray, Stacy Miller, and A Few Good Cleaners claim First Interstate Bank breached its account agreement by assessing allegedly improper Retry Fees and returned item fees. Members of the settlement class include those who have or had an account with First Interstate Bank and were charged overdraft and/or returned item fees between December 30, 2011, and April 7, 2021 (depending on your state of residence).
The Defendant has agreed to create a Settlement Fund of $2,331,000 for the Class. It will also forgive Uncollected Fees totaling $17,090. The balance of the Settlement Fund after attorneys’ fees and costs, the Service Award, and the Settlement Administrator fees, also known as the Net Settlement Fund, will be divided among Class Members.
If the Settlement is approved by the Court, eligible Class Members may receive either a check or a credit to their account after the final approval. However, if there is an appeal, payments may be delayed.