There is a serious lawsuit filed against the USAA challenging its membership practices from a while ago. The lawsuit which has since been turned into a class action lawsuit alleges that the USAA resorted to the use of deception regarding its membership requirements. Â The institution has also been accused of unfairly profiting from its membership model which disadvantaged majority of its members.
The USAA Membership Lawsuit is likely to turn into a class action lawsuit considering that so many people have been affected by the company’s wrongdoing. An issue like the membership criteria contained in the lawsuit is likely to be the epicentre of the lawsuit.
On this allegation, it is strongly claimed that USAA expanded its membership base beyond its original intention of serving military officers and their families.  It is believed that the institution did this with the sole aim of benefiting itself at the expense of some member’s welfare. The lawsuit further alleges that USAA made huge profits from the membership fees it was charging and other related charges.  These actions in particular were so wrong which is why the plaintiff has moved to court in search of legal accountability from the institution.
Violation of Consumer Protection Laws
The plaintiffs in the USAA Membership Lawsuit argue that the acts of USAA were selfish and resulted in a gross violation of consumer protection laws. As a result, the plaintiff wants the court to compel the institution to compensate all those people who were directly affected by the actions of the institution.
USAA Comments on the USAA Membership Lawsuit
The USAA is aware of the USAA Membership Lawsuit. However, the institution is yet to make any comments regarding the lawsuit either refuting or accepting the allegations levelled against it.  Many experts who have looked at the lawsuit argue that the decision by the company to remain silent on the lawsuit could be a confirmation of the company’s acceptance of all the charges levelled against it. However, none of that is confirmed at the moment and those claims remain speculations at best.
 The Settlement of the USAA Membership Lawsuit
After prolonged periods of hearings and speculations, the USAA Membership Lawsuit is nearing its end now.   This is so because the USAA has agreed to a settlement of $62.4 million in settlements to the lawsuit against it.  The funds from this settlement will go to all people who were affected by the company’s wrongdoing.
With the settlement now agreed on, it is expected that the USAA Membership Lawsuit will come to an end soon. However, should another person or party come out to make other claims about the institution then that might bring up another lawsuit against the institution. Â The USAA Membership Lawsuit is one of the many class lawsuit actions against companies which have seen companies pay a lot of money in settlements after being found guilty of the charges against them.
Conclusion
The USAA Membership Lawsuit and its outcome of is yet another reminder of how companies sometimes engage in practices that disadvantage their clients. Â This is not the first time a company is facing such a lawsuit and being found culpable despite denying the charges against it in the first place.
