Case Arising From Bank's Overdraft Protection Program Can Proceed, Judge Rules

Case Arising From Bank's Overdraft Protection Program Can Proceed, Judge Rules

CAMDEN, N.J. - A federal judge in New Jersey on April 19 denied TD Bank N.A.'s motion to dismiss a putative class action in which the plaintiffs allege that the bank committed unlawful banking practices by automatically registering customers in its overdraft protection program, concurring with a multidistrict litigation finding in a similar case that the plaintiffs have plausibly pleaded facts that state a claim for relief (Hughes, et al. v. TD Bank, N.A.,  No. 11-07257, D. N.J.; 2012 U.S. Dist. LEXIS 54765).

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