Five Star Bank has agreed to a settlement in a class action lawsuit alleging it sent improper notices to customers after vehicle repossessions in Pennsylvania and New York. If your vehicle was financed through Five Star and later repossessed, you may have grounds for a legal claim.
A settlement has been reached in a class action lawsuit against Five Star Bank and Financial Institutions, Inc.. The lawsuit alleged that the Bank violated Pennsylvania and New York's Uniform Commercial Code (UCC) by failing to provide legally required notices to consumers after repossessing their vehicles.
The plaintiffs claimed that the Bank's "Repossession Notices" and "Deficiency Notices" were improper and commercially unreasonable. The Bank denies any wrongdoing. The Court has not decided who is right but has granted preliminary approval to the settlement.
Consumers in Pennsylvania and New York who had a vehicle repossessed by Five Star Bank between May 16, 2011, and September 30, 2021, may be eligible for a payment.
You may qualify if you financed a vehicle for personal use through Five Star Bank, it was repossessed between May 16, 2011, and September 30, 2021, and you lived in Pennsylvania or New York at the time of the repossession. Eligibility also depends on the type of notice you received (or didn't receive) from the bank.
Financed a vehicle for consumer use with Five Star Bank.
Had your vehicle repossessed by Five Star Bank.
Had a Pennsylvania address at the time of repossession (Classes A & B).
Had a New York address at the time of repossession (Classes C & D).
Received a "Repossession Notice" that failed to state the sale method or listed a lump sum "storage cost".
Received a "Deficiency Notice" that failed to provide information in the correct order.
Received no notice at all after repossession.
This is not a complete list of the eligibility requirements. Please refer to the official settlement notice for full details. Submitting a claim is the only way to determine your eligibility.
A settlement has been reached to resolve claims that Five Star Bank violated consumer rights by failing to provide proper notices after repossessing vehicles.
If Five Star Bank repossessed your vehicle in Pennsylvania or New York, you may be entitled to a cash payment. Don't miss the deadline to claim the money you are owed.
Our simple and secure form makes it easy to file your claim. Let us help you submit your claim today!
Our mission is to help people get the compensation they deserve. We are providing this information and a direct link to the official site to ensure you don't miss out on money you may be owed. However, this will mean that claims submitted for this settlement will not be reviewed, monitored, or have additional support from ClaimsHero.
No. For this claim, we are directing you to the official claims administrator website. There are no fees from ClaimsHero. This is different from our full-service representation campaigns, where we work on a contingency basis, review and monitor the status of your claim, and only get paid if your claim is successful.
Our goal is to raise awareness and guide you to the official claims website. We do not review your claim, handle your documents, monitor the status of your claim, contact you if there are any needed revisions or updates, or represent you in this specific matter. Our goal is to ensure you are provided a path to make your claim.
You must file your claim directly on the official settlement website, which is managed by the court-appointed claims administrator. The only place to submit your claim is through the link provided above.
All questions about your claim must be directed to the claims administrator. Because we simply provide a path to the claims administrator’s website to submit, our support team does not have access to your submission details. You can find their contact information on the official website through the link provided above.
If you have more questions, please visit the official website of this settlement and contact the claims administrator.
