Rudd et al v. Branch Banking & Trust Company et al

On August 2, 2024, a class action lawsuit was filed in the United States District Court against Branch Banking & Trust Company (now Truist) alleging that the bank improperly assessed overdraft fees and non-sufficient funds fees on customer accounts. Lead plaintiff Rudd and other account holders claim the bank manipulated the posting order of transactions to maximize fee revenue and failed to adequately disclose its fee practices, violating consumer protection laws and the terms of account agreements. The plaintiffs seek monetary damages, restitution of improperly collected fees, and injunctive relief to change the bank's practices. The case is part of a continuing trend of litigation challenging retail banking fee structures.

As of early 2026, the case remains pending; no final judgment or approved settlement has been reported.

Whether Branch Banking & Trust Company's overdraft and non-sufficient funds fee practices, including the sequencing of transactions, breached contractual obligations and applicable consumer protection statutes, and whether the fees were properly disclosed.

The lawsuit draws renewed public attention to bank fee practices and may contribute to pressure for clearer fee disclosures and regulatory reforms regarding overdraft charges. It exemplifies the broader consumer backlash against what critics describe as excessive and manipulative banking fees.