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USAA also paid out $64 million to settle a class action lawsuit related to overcharging military members who were entitled to certain protections. Then there’s the many changes higher up.
USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and veterans on interest ...
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Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
The U.S. Class Action Fairness Act of 2005, 28 U.S.C. §§ 1332(d), 1453, 1711–15, expanded federal subject-matter jurisdiction over many large class action lawsuits and mass actions in the United States. The bill was the first major piece of legislation of the second term of the Bush Administration.
TransUnion LLC v. Ramirez, 594 U.S. 413 (2021), was a United States Court case dealing with standing under Article III of the Constitution related to class-action suits against private defendants. In a 5–4 decision, the Court ruled that only those that can show concrete harm have standing to seek damages against private defendants.
That affirmative course of action would leave USAA as a truly world-class and legitimately capitalized financial services holding company: and would obviate the need for Robert G. Davis (and Robert F. McDermott and Robert T. Herres before him) to tip-toe around the margins of the issue (not to mention putting the occasional critic in jail).
USAA has history of complaints, fines, security breaches According to the Better Business Bureau , there have been 4,119 total complaints against USAA in the last three years.