What exactly does the “Navy Federal EFTA settlement” refer to?

It refers to a class-action settlement where Navy Federal agreed to pay $1.7 million to resolve allegations that it violated the Electronic Funds Transfer Act by denying claims of unauthorized electronic fund transfers without proper explanation or documentation.

How do I know if I qualify to file a claim?

You may qualify if you (1) had an account with Navy Federal, (2) submitted a fraud or unauthorized transaction claim, and (3) were denied between October 10, 2022, and August 20, 2025.

When and how will I get my payment if my claim is approved?

If your claim is accepted, you could receive a pro rata share of the settlement fund as either a mailed check or an account credit. You must file your claim by December 18, 2025 .

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Navy Federal Credit Union (NFCU) has reached a $1.7 million settlement in a class-action lawsuit arising from claims that it mishandled fraud and unauthorized transaction disputes. The case centers on alleged violations of the Electronic Funds Transfer Act (EFTA), which requires financial institutions to properly investigate and respond to consumers’ claims of unauthorized electronic transfers.

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OpenAI Seeks $500B Valuation in Share Sale
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