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Settlement Agreement - Faris v. Flagstar Bank, FSB

Settlement Agreement - Faris v. Flagstar Bank, FSB 2026

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The document outlines the settlement agreement in the class action lawsuit Faris v. Flagstar Bank regarding overdraft fees assessed on debit transactions that did not exceed account balances. It details the procedural history, including motions for summary disposition, discovery processes, and the eventual settlement terms where Flagstar agrees to pay $7.7 million into a Settlement Fund for affected customers. The settlement includes provisions for class member notifications, rights to opt-out or object, and the distribution of funds based on eligible overdraft fees incurred during the specified class period from October 21, 2007, to October 8, 2015.

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Click ‘Get Form’ to open the Settlement Agreement - Faris v. Flagstar Bank, FSB in our platform.
Begin by reviewing the introductory section, which outlines the purpose of the agreement and key definitions relevant to your claims.
Fill in your personal information in the designated fields, ensuring accuracy for effective communication regarding your claim.
Carefully read through each section of the agreement, particularly focusing on the terms related to class membership and your rights as a Class Member.
If you wish to opt-out or object to any part of the settlement, follow the instructions provided in Section IX and ensure you submit any necessary documentation before deadlines.
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