Barbara Silvey v. Numerica Credit Union

CourtCourt of Appeals of Washington
DecidedNovember 1, 2022
Docket38047-5
StatusPublished

This text of Barbara Silvey v. Numerica Credit Union (Barbara Silvey v. Numerica Credit Union) is published on Counsel Stack Legal Research, covering Court of Appeals of Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Barbara Silvey v. Numerica Credit Union, (Wash. Ct. App. 2022).

Opinion

NOTICE: SLIP OPINION (not the court’s final written decision)

The opinion that begins on the next page is a slip opinion. Slip opinions are the written opinions that are originally filed by the court. A slip opinion is not necessarily the court’s final written decision. Slip opinions can be changed by subsequent court orders. For example, a court may issue an order making substantive changes to a slip opinion or publishing for precedential purposes a previously “unpublished” opinion. Additionally, nonsubstantive edits (for style, grammar, citation, format, punctuation, etc.) are made before the opinions that have precedential value are published in the official reports of court decisions: the Washington Reports 2d and the Washington Appellate Reports. An opinion in the official reports replaces the slip opinion as the official opinion of the court. The slip opinion that begins on the next page is for a published opinion, and it has since been revised for publication in the printed official reports. The official text of the court’s opinion is found in the advance sheets and the bound volumes of the official reports. Also, an electronic version (intended to mirror the language found in the official reports) of the revised opinion can be found, free of charge, at this website: https://www.lexisnexis.com/clients/wareports. For more information about precedential (published) opinions, nonprecedential (unpublished) opinions, slip opinions, and the official reports, see https://www.courts.wa.gov/opinions and the information that is linked there. For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

FILED NOVEMBER 1, 2022 In the Office of the Clerk of Court WA State Court of Appeals Division III

COURT OF APPEALS, DIVISION III, STATE OF WASHINGTON

BARBARA SILVEY, on behalf of herself ) No. 38047-5-III and all others similarly situated, ) ) Appellants, ) ) ORDER GRANTING MOTION v. ) TO PUBLISH OPINION ) NUMERICA CREDIT UNION, ) ) Respondent. )

THE COURT has considered the Respondent’s motion to publish the court’s

opinion of August 9, 2022, and the answer and reply thereto, and is of the opinion the

motion should be granted. Therefore,

IT IS ORDERED, the motion to publish is granted.

PANEL: Judges Siddoway, Fearing, Pennell

FOR THE COURT:

___________________________________ LAUREL H. SIDDOWAY Chief Judge For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

FILED AUGUST 9, 2022 In the Office of the Clerk of Court WA State Court of Appeals, Division III

IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON DIVISION THREE

BARBARA SILVEY, on behalf of herself ) and all others similarly situated, ) No. 38047-5-III ) Appellants, ) ) v. ) ) UNPUBLISHED OPINION NUMERICA CREDIT UNION, ) ) Respondent. )

SIDDOWAY, C.J. — Barbara Silvey brought a putative class action against

Numerica Credit Union for breach of contract and related claims, contending that

contrary to its contracts with members, Numerica used her “available” checking account

balance rather than her larger “ledger” or “actual” balance to determine her liability for

overdraft fees. Concluding that Numerica’s agreements could not reasonably be read to

support Ms. Silvey’s construction, the trial court granted Numerica’s CR 12(b)(6) motion

to dismiss her contract-related claims.1 We agree and affirm.

1 Ms. Silvey had also alleged that Numerica violated its agreement to charge insufficient fund (NSF) fees on only a merchant’s first presentation of an item for payment that is returned unpaid, not on any additional presentations of the same item. This claim, which survived Numerica’s motion to dismiss, was later settled and voluntarily dismissed with prejudice. For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

No. 38047-5-III Silvey v. Numerica Credit Union

BACKGROUND ON OVERDRAFT FEE PRACTICE, REGULATION, AND RELATED CLASS ACTION LITIGATION

We begin with an overview of the Federal Reserve Board’s (Board’s) 2009

amendment of regulation E, implementing the Electronic Fund Transfer Act of 1978,

15 U.S.C. § 1693. Not only did the amendment identify when financial institutions can

assess overdraft fees for paying one-time automated teller machine (ATM) and one-time

debit card transactions that overdraw a consumer’s account, but it also provides a helpful

historical background of overdraft services. As explained by the Board:

Historically, if a consumer tried to make a payment using a check that would overdraw his or her deposit account, the consumer’s financial institution used its discretion on an ad hoc basis to determine whether to pay the overdraft. If an overdraft was paid, the institution usually imposed a fee on the consumer’s account. . . . .... In the past, institutions generally provided overdraft coverage only for check transactions. In recent years, however, the service has been extended to cover overdrafts resulting from non-check transactions, including ATM withdrawals, debit transactions at POS [point of sale], on- line transactions, preauthorized transfers, and ACH [automated clearing house network] transactions.

See Electronic Fund Transfers, Final Rule, 74 Fed. Reg. 59,033, 59,033 (Nov. 17, 2009).

As the Board’s release publishing the rule explains, “From the industry’s perspective,

automated overdraft services enable institutions to reduce the cost of manually reviewing

individual items, and also ensure that all consumers are treated consistently with respect

to overdraft payment decisions.” Id. at 59,034.

2 For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

The reason for the amendment to Regulation E was the strongly contrasting view

of consumer advocates. According to the Board’s release, “consumer advocates assert

that overdraft transactions are a high-cost form of lending that trap low- and moderate-

income consumers into paying high fees.” Id. An urban legend at the time was the $39

latte, accounted for by a $35 overdraft fee because the consumer swiped a debit card for a

$4 latte with only $2 in her account.2 Most overdraft fees are paid by a small fraction of

bank customers: as of 2014, 8 percent of customers incurred nearly 75 percent of all

overdraft fees.3 “Because of these costs, consumer advocates contend that most

consumers would prefer that their bank decline ATM or debit card transactions if the

transactions would overdraw their account.” Id. at 59,034.

After publication of proposed rulemaking, public comment, and consumer testing,

the Board’s final rule adopted a requirement that customers affirmatively opt-in to

overdraft protection for their ATM withdrawals or one-time debit card transactions.

Institutions are required to provide consumers with a notice explaining its overdraft

2 Ed Mierzwinski, Today, CFPB to Announce Overdraft Fee Investigation, Unveil “Penalty Box” Disclosure, Possibly End $39 Lattes, U.S. PIRG (Feb. 22, 2012), https://uspirg.org/blogs/eds-blog/usp/today-cfpb-announce-overdraft-fee-investigation- unveil-penalty-box-disclosure [https://perma.cc/N4M4-F84H]. 3 CONSUMER FIN. PROT. BUREAU, DATA POINT: CHECKING ACCOUNT OVERDRAFT (July 2014), https://files.consumerfinance.gov/f/201407_cfpb_report_data-point _overdrafts.pdf [https://perma.cc/5N76-C3AZ].

3 For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

service and give the consumer a reasonable opportunity to affirmatively consent. Id. at

59,040.

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