Usaa 250 Million Lawsuit

Usaa 250 Million Lawsuit. Usaa has agreed to pay $64.2 million to settle a class action lawsuit that alleged it overcharged thousands of military members who were subject to interest rate. As first reported by san.

The plaintiffs’ lawyers may seek up to 27.5%, or $17.7 million, from the settlement for fees and expenses. A 2020 investigation by the mic resulted in usaa entering into a consent order agreeing to reimburse 130,000 policy holders in excess of $8.1 million for inappropriately charging customers late.