fraud claims

November 21, 2025 Navy Federal Credit Union is at the center of a nationwide settlement that could send cash or account credits to thousands of current and former members whose bank fraud claims were denied over the last three years. A proposed $1.7 million class action settlement in Stephenson, et al. v. Navy Federal Credit Union alleges that the country’s largest credit union violated the Electronic Fund Transfer Act (EFTA) when it refused to reimburse members for unauthorized electronic transactions and failed to properly explain or document those denials. stephensoneftalitigation.com+2Top Class Actions+2 The deal has been preliminarily approved by a