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Credit Unions to Pay Colorado $4M Over GAP Fees

Bellco Credit Union sign at ATM

Coloradans who were to guaranteed automobile protection fee refunds from two credit unions will get $4 million in refunds from a recent settlement, Attorney General Phil Weiser’s office announced.

The settlement announcement comes following a state investigation revealing Bellco and Canvas credit unions were not properly refunding GAP fees.

“When hardworking Coloradans pay for GAP coverage, they deserve to receive what they are owed,” the attorney general said in a press release. “My office will continue to hold accountable companies that violate the law and leave Coloradans without the money they were due.”

Read more at News.law

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