Learn your options to get your voice heard and make Fifth Third Bank pay
As of March 9, 2020, it came to light that Fifth Third Bank ignored signs that the company’s employees opened unauthorized accounts to meet sales goals. This isn’t the only company to have fallen victim to such an illegal activity, although it is the most recent. Credit cards, online banking services, and banking products aggressively scammed consumers without their knowledge. Federal Regulators filed a lawsuit against the company.
In the past, customers have filed lawsuits for overdraft charges allegedly taken illegally in situations where customers had enough money in their account. If you have had trouble with your account, incurred fees that you didn’t deserve, or have otherwise been mistreated by the company, you have options to fight back:
How to Sue Fifth Third Bank in Small Claims Court
You have to make sure that you qualify to file a claim in small claims court. Small claims court has two types of limitations, both of which have to do with money:
Filing with a small claims court can be time-consuming and it requires a lot of paperwork, but it is much easier and faster than filing any other type of litigation or joining a class action lawsuit.
How to File a Claim Against Fifth Third Bank with Consumer Arbitration
What is Arbitration?
Your contract with Fifth Third Bank might have an arbitration clause in it which prevents you from joining a class action lawsuit, starting your own lawsuit, or using any other legal recourse aside from a small claims court or consumer arbitration.
Many large financial institutions have arbitration clauses in their agreements designed to reduce the time and money spent on lawsuits. This can work in your favor as well.
This process brings with it the opportunity for an early settlement because most big companies settle once an arbitration process has initiated in exchange for resolving the matter quickly. Given the other legal issues facing Fifth Third Bank presently, the company might be even more motivated to settle sooner rather than later.
How to File a Claim Against Fifth Third Bank with Consumer Arbitration