United Bank is a regional bank with branches in several states across the United States. In recent years, the bank has been involved in a number of lawsuits, alleging a variety of wrongdoing.
One notable lawsuit was filed in 2021 by the US Department of Justice (DOJ), alleging that United Bank had engaged in a pattern or practice of discrimination against Hispanic borrowers. The DOJ alleged that United Bank charged Hispanic borrowers higher interest rates on loans than non-Hispanic borrowers with similar creditworthiness. The lawsuit was settled in 2022, with United Bank agreeing to pay $140,000 in restitution and to implement new policies to ensure equal credit opportunity for all borrowers.
Another lawsuit was filed in 2022 by a group of customers who alleged that United Bank had failed to adequately protect their personal information from a data breach. The lawsuit alleged that hackers were able to gain access to customer names, Social Security numbers, and other sensitive information in 2021. The lawsuit is still ongoing, and it is unclear what the outcome will be.
In addition to these two lawsuits, United Bank has also been involved in a number of other lawsuits alleging breach of contract, fraud, and other wrongdoing. While the bank has won some of these lawsuits, it has also lost others.
What does this mean for customers?
The lawsuits against United Bank raise a number of concerns for customers. First, the allegations of discrimination are troubling and raise questions about the bank’s commitment to fair lending practices. Second, the data breach lawsuit raises concerns about the bank’s ability to protect customer information.
If you are a customer of United Bank, it is important to be aware of these lawsuits and to take steps to protect yourself. For example, you should review your credit reports regularly to ensure that you are not being overcharged for loans. You should also take steps to protect your personal information, such as using strong passwords and enabling two-factor authentication on your bank accounts.
The lawsuits against United Bank are a reminder that even large, established banks can be involved in wrongdoing. It is important for customers to be aware of the risks associated with banking with any institution and to take steps to protect themselves.
Q: What should I do if I am a customer of United Bank?
A: You should review your credit reports regularly to ensure that you are not being overcharged for loans. You should also take steps to protect your personal information, such as using strong passwords and enabling two-factor authentication on your bank accounts.
Q: Is United Bank a safe bank?
A: United Bank is FDIC insured, which means that customer deposits are up to $250,000 per depositor, per ownership category, in the event of a bank failure. However, the recent lawsuits against the bank raise some concerns about its safety and reliability.
Q: Can I sue United Bank?
A: Yes, you can sue United Bank if you believe that the bank has wronged you. However, it is important to consult with an attorney to discuss your case before filing a lawsuit.
Q: What are the benefits of suing United Bank?
A: If you win a lawsuit against United Bank, you may be awarded damages, including compensation for your losses and punitive damages. You may also be awarded attorney’s fees.
Q: What are the risks of suing United Bank?
A: If you lose a lawsuit against United Bank, you will be responsible for the bank’s court costs and attorney’s fees. You may also be liable for your own attorney’s fees.
Q: How long does it take to sue United Bank?
A: The length of time it takes to sue United Bank will vary depending on the complexity of your case and the court docket. However, most lawsuits take at least several months to resolve.
- US Department of Justice Reaches Settlement Agreement With First United Bank Over Allegations of Discrimination on the Basis of National Origin: https://www.justice.gov/opa/pr/justice-department-reaches-settlement-agreement-first-united-bank-over-allegations
- Arnold Law Firm: United Bank Corporation Data Breach: https://www.justice4you.com/blog/united-bank-corporation-data-breach.html
- Casetext: Hoops v. United Bank: https://casetext.com/case/hoops-v-united-bank