Judge mulling $410M B of A overdraft settlement

By CURT ANDERSON, AP Legal Affairs Writer

MIAMI (AP) — A federal judge in Miami is considering whether to finalize a $410 million settlement in a lawsuit claiming Bank of America charged excessive overdraft fees.

The hearing Monday is to consider any objections or other issues related to the deal originally reached in May.

The class-action lawsuit contends that Charlotte, N.C.-based Bank of America processed its debit card and check payments in a way that triggered more overdrafts and therefore more fees. Even though it agreed to the settlement, the bank insists the overdraft system was proper.

An estimated 1 million customers could receive unspecified payments from the settlement. The lawsuit covers people with Bank of America debit cards between January 2001 and May 2011.

New bank regulations prohibit this type of debit card fee unless customers approve.


Copyright 2011 The Associated Press.

blog comments powered by Disqus
Vietnam Veterans' Bond Forged Again With Kidney DonationServing together in Vietnam, John Middaugh and Henry "Bill" Warner forged an Army-brothers bond they knew was profound and lasting. A world and nearly a half a century away from the war zone where they'd counted on each other, Middaugh put himself on the line for Warner this month in a new way: by giving one of his kidneys.
Dr. Paul Bearer II Tombstone Tales | Halloween EditionOn Sunday, October 25th, Dr. Paul Bearer II returned to the Tenement Castle for an afternoon of HORRORble movies.

Listen Live