American ATM users can claim compensation from a class-action lawsuit without having to prove they were impacted.

A $1.23 million class action settlement involving Flagstar Financial, formerly New York Community Bank (NYCB), addresses accusations of unfair ATM and non-sufficient funds (NSF) fees charged to American banking customers.

Newsweek contacted Flagstar Financial, which has not admitted any wrongdoing, via email outside of regular business hours for comment.

Why It Matters

The settlement underscores growing scrutiny over banking fees , consumer financial rights , and bank accountability in the U.S. financial sector.

What To Know

Flagstar Financial, which operated as NYCB until 2024, agreed to pay $1.23 million to resolve claims it imposed unfair ATM, NSF, and o

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