Litigation

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U.S. Bank Agrees To Pay $55 Million To Settle Overdraft Fees Litigation
Posted on 25 Jul 2013 by Michael J. Lello

MIAMI — (Mealey’s) U.S. Bank NA on July 24 agreed to pay $55 million to exit a multidistrict litigation in which class members allege that several banks manipulated the order of debit card transactions to maximize checking account overdraft... Read More

Florida Federal Judge Approves TD Bank's $62 Million Settlement In MDL Overdraft Fees Litigation
Posted on 19 Mar 2013 by Michael J. Lello

MIAMI - (Mealey's) A federal judge in Florida on March 18 approved TD Bank NA's $62 million settlement that will allow the bank to exit a multidistrict litigation in which class members allege that several banks manipulated the order of debit... Read More

Court Approves Bank Of America's $410 Million Overdraft Settlement
Posted on 25 May 2011 by LexisNexis Litigation Resource Community Staff

A Florida court has given preliminary approval to Bank of America Corp.'s $410 million settlement of a federal lawsuit accusing the bank of charging excessive overdraft fees. The Charlotte, N.C. bank will place $410 million in an escrow account that... Read More

Bank Of America To Pay $410M In Overdraft Fee Case
Posted on 7 Feb 2011 by LexisNexis Litigation Resource Community Staff

(AP) Bank of America has agreed to pay $410 million to settle a federal lawsuit alleging the bank charged excessive overdraft fees. The suit is one of several filed against several banks from plaintiffs in 14 states, which were consolidated in a federal... Read More