USAA to Pay $62.4 Million to Settle Military Fee Lawsuit

Aug 5, 2024, 06:24 PM

USAA, the financial services company serving military personnel and their families, has agreed to pay $62.4 million to settle a military fee lawsuit. The lawsuit alleged that USAA overcharged service members and veterans on interest rates and fees. This settlement resolves claims that USAA imposed excessive charges on its customers, leading to significant financial burdens.