Mealey's Banking & Finance - 11th Circuit Affirms Denial Of Arbitration Motion In Overdraft Fees Cases

Mealey's Banking & Finance - 11th Circuit Affirms Denial Of Arbitration Motion In Overdraft Fees Cases

ATLANTA - The 11th Circuit U.S. Court of Appeals on Feb. 10 affirmed the denial of RBC Bank (USA)'s motion to compel arbitration in a suit that is part of the multidistrict litigation in which customers allege that banks manipulated the order of debit card transactions to maximize checking account overdraft fees, finding that "the parties' silence provides no evidence that they agreed to be bound to arbitrate their disputes" (Michael Dasher v. RBC Bank [USA], No. 13-10257, 11th Cir.).

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