Published
November 25, 2025
Updated
July 30, 2026
The Navy Federal EFT settlement resolves claims concerning denied unauthorized or fraudulent electronic-transfer disputes.
Current Status
The court has entered a final approval order. The December 18, 2025 claim deadline has passed, and the official administrator has not posted a payment date or distribution-completion notice.StatusFinal approval granted
Claim DeadlineDecember 18, 2025 (Passed)
Settlement Fund$1.7 million
Payment TimingNot publicly announced
What Was This Case About?
The lawsuit alleged that Navy Federal improperly denied certain unauthorized electronic-transfer claims, gave insufficient explanations, or failed to provide requested supporting documents in violation of the Electronic Fund Transfer Act. Navy Federal denied wrongdoing.Who Was Covered?
The class generally included Navy Federal members whose claims for unauthorized or fraudulent transactions were denied between October 10, 2022 and August 20, 2025, subject to the settlement definition.What Benefit Was Available?
Valid claimants were eligible for an equal pro rata share of the net settlement fund. Navy Federal also agreed to changes in policies and procedures for handling unauthorized-transfer claims.Official Information
Review current notices and court documents on the Stephenson EFT Litigation website.
Settlement Fund
$1.7 million
Case Title
Stephenson, et al. v. Navy Federal Credit Union
Case Number
3:23-cv-01851
Court
U.S. District Court for the Southern District of California
Current Milestone
Final approval order entered
Official Website
Stephenson EFT Litigation
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