Requires class action compromise or settlement payments to be available to class members as a direct deposit into a bank account of a class member

S 7290 requires class action settlements with monetary payments to offer class members the option to receive funds via direct deposit into their personal bank accounts. This bill directly affects individuals participating in class action lawsuits where money is being distributed. The key provision mandates that settlement agreements must include this direct deposit option as a standard payment method, rather than requiring checks or other forms of payment. The law would take effect immediately upon passage.