Provident Financial settles overdraft fee class action for $1.85M; court approves settlement

PROVIDENT FINANCIAL SERVICES INC

Court approved $1.85 million settlement on October 11, 2024, resolving wrongful overdraft fee claims.
Suit filed in May 2022 alleged breach of contract, good faith, and New Jersey Consumer Fraud Act violations.
Provident Bank contributed to the fund but denies any liability or wrongdoing.
Motion for preliminary approval was filed September 23, 2024; final approval granted October 11.

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