Open Bank & Financial Arbitrations: Join Today

Last Updated on June 20, 2025

At A Glance

This Alert Affects:: Consumers across the U.S. who may have been affected by the potential conduct of the banks and other financial services companies listed below.
What’s Going On?: Attorneys working with ClassAction.org are pursuing legal action against various banks and financial institutions over potential violations of various state and federal laws. Scroll down to see the list of investigations and sign up if you are affected.
What Am I Signing Up For, Exactly?: You’re signing up for what’s known as “mass arbitration,” which involves hundreds or thousands of consumers bringing individual arbitration claims against the same company at the same time and over the same issue. This is different from class action litigation and takes place outside of court.
Does This Cost Anything?: It costs nothing to sign up, and the attorneys will only get paid if they win your claim.

Attorneys working with ClassAction.org are pursuing various mass arbitrations that involve banks and other financial institutions.

This is a relatively new type of legal action that, unlike class action lawsuits, requires affected consumers to sign up to take action. Below, you’ll find a summary of each investigation, including which banks and financial services companies are involved, who may be affected, and which laws may be getting violated. Each summary will also include a link to a secure form where affected consumers can sign up to join others taking action. It doesn’t cost anything to sign up.

Fundera Privacy Investigation (California)

Fundera, a subsidiary of personal finance company NerdWallet, is being investigated by attorneys working with ClassAction.org for potential violations of a California privacy law.

Specifically, the attorneys believe Fundera.com, a marketplace for small business financial products, could be using a tracking tool from credit bureau Experian to secretly collect information about users. When someone searches for financial guidance on the site or enters personal information into its eligibility questionnaire (such as loan details, monthly revenue, credit score and ZIP code), the tool could be recording and combining this data with the person’s IP address and device information to build a unique user profile. It’s possible that Experian could then add to and sell these profiles to lenders, marketing firms or other third parties without users’ consent.

The attorneys believe Fundera may have violated the California Invasion of Privacy Act, which provides that consumers could be owed up to $5,000 for violations. They’re now gathering users to take action via mass arbitration.

If you live in California and browsed loans or funding options on Fundera.com on your computer within the past year, join others signing up by filling out the form linked to below.

Fundera.com Users Sign Up Here

Is This a Lawsuit? What Am I Signing Up For, Exactly?

You are not signing up for a lawsuit, but rather a process known as mass arbitration. This is a relatively new legal technique that, like a class action lawsuit, allows a large group of people to take action and seek compensation from a company over an alleged wrongdoing. Here is a quick explanation of mass arbitration from our blog:

[M]ass arbitration occurs when hundreds or thousands of consumers file individual arbitration claims against the same company over the same issue at the same time. The aim of a mass arbitration proceeding is to grant relief on a large scale (similar to a class action lawsuit) for those who sign up.”

Some companies’ terms and conditions may contain a class action waiver and/or an arbitration clause requiring consumers to resolve disputes via arbitration, a form of alternative dispute resolution that takes place outside of court before a neutral arbitrator, as opposed to a judge or jury. It’s for this reason that attorneys working with ClassAction.org have decided to handle these matters as mass arbitrations rather than class action lawsuits.

How Much Does This Cost?

It costs nothing to sign up, and you’ll only need to pay if the attorneys win money on your behalf. Their payment will come as a percentage of your award.

If they don’t win your claim, you don’t pay.

Previous Investigations

The following investigations are complete, and attorneys are no longer signing up affected consumers.

Is WesternUnion.com Sharing Your Financial Data?

Western Union, which specialized in telecommunications for over 150 years before pivoting to money transfer services, officially ended its telegram business in 2006—but attorneys believe the company may now be secretly sharing consumers’ electronic communications without their permission.

Specifically, they suspect that WesternUnion.com, which can be used to send money transfers to locations around the world, may be using tracking software to record users’ interactions with the site and send the data to analytics company Quantum Metric. It’s possible that the data shared with Quantum Metric could contain Western Union customers’ private personal and financial information, including their bank account and credit card details.

The attorneys believe Western Union’s suspected data-sharing practices may violate state and federal wiretapping laws that prohibit the interception and disclosure of consumers’ electronic communications without their permission. They’re now gathering affected users to sign up for mass arbitration against the company.

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