Category Archives EFTA

We all know that constitutional standing requires an injury-in-fact that is fairly traceable to the challenged conduct of the defendant.  But how exactly does that operate under the Electronic Fund Transfer Act, 15 U.S.C. 1963, which requires two forms of notice of transactions fees on ATMs, both on-machine notice and on-screen notice, and provides for statutory damages? In Charvat v. Mutual First Federal Credit Union, 725 F.3d 819, 2013 WL 3958300 (8th Cir., August 2, 2013), the plaintiff sought to certify a class of persons charged transaction fees on the Bank/defendant's machines, which lacked the prescribed on-machine notice (but provided on-screen notice).  The District Court dismissed the claims of Charvat, the putative class representative, for lack of standing, concluding that Charvat had alleged an injury at law, but not in fact. Judge Shepherd, writing for the panel, reversed.  Without addressing whether Charvat suffered an economic injury from the $2.00 transaction fee,…

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