(The Associated Press) 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 court in Florida. Other banks named in related suits include Wells Fargo and Citibank.
Similar Stories to Bofa To Pay $410 Million In Overdraft Fee Case on Bing News
CharlotteObserver.com: Breaking News, Charlotte Observer: Local
Sun, 02/06/2011 - 6:54pm
BING NEWS:
- Finding middle ground on overdraft protection fees
Credit unions worked with California lawmakers to reshape proposed changes to the fees. An upcoming rule from the Consumer Financial Protection Bureau raises uncertainty.
09/20/2024 - 6:30 am | View Link - Banks charging overdraft fees without permission, feds find
Banks are charging overdraft fees on ATM and debit card transactions even when they have no authority to do so, the Consumer Financial Protection Bureau (C ...
09/17/2024 - 7:08 am | View Link - CFPB says banks must prove consumers' opt-in to overdraft fees
The proposal would apply only to the largest banks, which would be able to recoup their costs or charge a maximum overdraft fee of $14 under a benchmark set by the government. The proposed overdraft ...
09/17/2024 - 6:55 am | View Link - Banks warned against charging overdraft fees without consent
The CFPB said consumer protection enforcers should assume consumers have not opted into overdraft unless the banks prove otherwise.
09/17/2024 - 6:35 am | View Link - Banks and Banking: Credit union sued for overdraft fee practices
Where a customer plausibly alleged a credit union’s overdraft fee practices violated its customer service agreements, the credit union’s motion to dismiss was denied. Background Ashley Garrett sued ...
09/16/2024 - 4:55 am | View Link - More
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