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Sound Credit Union
Sound Credit Union settled a class action alleging overcharges for collateral protection insurance premiums with payments up to $2,000.
ClosedWashington onlyClaim status: Claim window closedPayout: Up to $2000No longer claimable
About this settlement
Alleged overcharges for collateral protection insurance premiums on vehicle loans without proper notifications or refunds.
This settlement resolves claims that Sound Credit Union overcharged borrowers for collateral protection insurance premiums or related fees on financed vehicles in Washington state.
Who qualifies
- Washington residents who financed a motor vehicle through Sound Credit Union.
- Charged more for collateral protection insurance on or after February 11, 2016.
- Charges occurred without proper notification, pro rata refunds, or administrative fee waivers.
Up to $2000
Claim status: Claim window closed