There are a number of different ways in which banks and credit unions can can charge customers excessive fees. banks owned by Heartland Financial USA, Inc.-including Arizona Bank & Trust, Bank of Blue Valley, Citywide Banks, FirstBank & Trust, and New Mexico Bank & Trust.We are actively investigating overdraft fee lawsuits against banks, including the following: According to the lawsuit, JPMorgan engaged in an “unfair, deceptive, and unconscionable” collection of overdraft fees from checking accounts. Morgan Chase agreed to pay $110 million to settle a lawsuit regarding excessive overdraft fees. This came in the form of unlawful interest rates charged to accounts that were left overdrawn for several days. In 2017, Bank of America agreed to pay $66.6 million to compensate nearly 6 million Bank of America customers who were forced to pay extended overdraft fees.This practice was found to be in violation of California state law.īecause Wells Fargo misrepresented the posting order and overdraft charges to its customers, the appropriate form of restitution is to restore the unexpected charges to Wells Fargo’s customers.” -Judge William Alsup In 2014, a federal judge ordered Wells Fargo to pay $203 million to settle class action allegations against the bank for wrongfully processing debit card transactions in order to charge excessive overdraft fees.Some prominent overdraft fees lawsuits include: Our firm has conducted a number of investigations against banks for these actions, including our lawsuit against HSBC. There have been a series of successful cases regarding overdraft and NSF fees charged by banks over the years.
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