Federal Judge Sends Overdraft Fees Claims To Arbitration

Federal Judge Sends Overdraft Fees Claims To Arbitration

MIAMI - A federal judge in Florida on Aug. 27 dismissed putative class action complaints from a multidistrict litigation in which bank customers allege that several banks manipulated the order of debit card transactions to maximize checking account overdraft fees, finding that the arbitration provisions KeyBank N.A. and Wells Fargo & Co. customers signed are enforceable (In Re: Checking Account Overdraft Litigation, No. 09-md-02036, S.D. Fla.).

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