If you have or had a checking account with The City National Bank and Trust Company of Lawton, Oklahoma (“Defendant” or “City National”) and you were charged an overdraft or non-sufficient funds (“NSF”) fee between January 14, 2016 and September 5, 2023, then you may be entitled to a payment from a class action settlement.
Please read the Notice of Pending Class Action and Proposed Settlement and Frequently Asked Questions (FAQs) carefully.
YOUR LEGAL RIGHTS AND OPTIONS | ||
MAKE A CLAIM | If you received a Claim Form with your Notice, you are a member of the Regulation E Settlement Class and are eligible to make a claim for up to potentially as many as ten (10) overdraft fees which were paid by you on one-time debit card or ATM transactions between January 14, 2020 and September 5, 2023, assuming there was no prior refund of the overdraft fee. The total number of such overdraft fees that you incurred is shown on the Claim Form included with your Notice. If you are eligible, please Submit a Claim before November 24, 2023, or you might not receive any funds for one-time debit card and ATM fees. If the amount of received claims does not exceed the amount allocated for these overdraft fees and you do not submit a claim, you may still receive a payment for these overdraft fees, but likely will receive more if you make a claim. If you did not receive a Claim Form with your Notice, then you are not a member of the Regulation E Settlement Class and have no eligible debit card or ATM fees of this type and therefore need not make a claim; however, you may still be entitled to payment for other overdraft or NSF fees which do not require a claim to be made. | November 24, 2023 |
DO NOTHING AND AUTOMATICALLY RECEIVE A PAYMENT | Even if you did not receive a Claim Form and are not eligible to submit a claim, if you have incurred more than one NSF fee or an NSF fee followed by an overdraft fee for the same transaction item in the period beginning January 14, 2016 through September 5, 2023, you may receive a payment from the Settlement Fund if you do not exclude yourself (“opt out”). Note: If you did receive a Claim Form and are eligible to submit a claim, you may receive more than if you do nothing. | N/A |
EXCLUDE YOURSELF | You can choose to exclude yourself from the settlement or "opt out." This means you choose not to participate in the settlement, and you will keep your individual claims against City National, but you will not receive a payment. If you exclude yourself from the settlement but want to recover against City National, you will have to file a separate lawsuit or claim. More information available at FAQ16. | Postmarked no later than October 25, 2023 |
OBJECT TO THE SETTLEMENT | You can file an objection with the Court explaining why you believe the Court should reject the settlement. If your objection is overruled by the Court, then you will receive a payment and you will not be able to sue City National for the claims asserted in this litigation. If the Court agrees with your objection, then the settlement may not be approved, and the case will go forward. If you opt out, then you cannot file an objection. More information available at FAQ19. | Postmarked no later than November 19, 2023 |
These rights and options – and the deadlines to exercise them – along with the material terms of the settlement are explained in the Notice of Pending Class Action and Proposed Settlement, the Settlement Agreement, and the Frequently Asked Questions (FAQs) page.
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