Civil Plaintiff
First Interstate Bank Reaches a $2.3 Million Class Action Settlement Over Penalty Fees
First Interstate Bank has agreed to pay $2.3 million to resolve a class action lawsuit alleging it charged customers illegal penalty fees.
The settlement class includes any First Interstate customer who was dealt an overdraft or returned item fee from between Dec. 30, 2011, and Apr. 7, 2021, the Billings Gazette reports. The bank will also forgive uncollected fees from during that time.
Separate from the settlement, First Interstate also announced recently that, starting Apr. 1, it will no longer be charging for non-sufficient funds (NSF) and will be reducing its overdraft fee charges.
