Marriott Workers File Class Action Over Credit Union (1)

Oct. 25, 2018, 8:29 PM; Updated: Oct. 25, 2018, 9:25 PM

Non-unionized Marriott employees filed a class action lawsuit against the Marriott Employees Federal Credit Union in Philadelphia, according to documents obtained by Bloomberg Law.

The class members allege that loan charges were not disclosed before entering into an agreement with the financial institution. By not providing a full picture of the costs associated with taking out the loan, the workers claim in the lawsuit that the credit union is violating the Truth in Lending Act. The members are represented by Robert Cocco. The lawsuit was filed on Sept. 18.

The credit union mini-loan agreements with workers disclosed an 18 percent ...

To read the full article log in. To learn more about a subscription click here.