Mealey's Banking & Finance - Federal Judge Grants Approval To Credit Card Fee Settlement

Mealey's Banking & Finance - Federal Judge Grants Approval To Credit Card Fee Settlement

ORLANDO, Fla. - A federal judge in Florida on May 29 granted preliminary approval to a $10 million settlement that would allow Bank of America NA (USA) to exit a class action alleging that the bank charged late fees to the credit card accounts of consumers who made their payments on time (Heydee De Leon v. Bank of America NA (USA), No. 09-1251, M.D. Fla.).

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