Bank of America settles excessive overdraft fee lawsuit

[JURIST] Bank of America (BOA) [corporate website] has reached a $410 million settlement in a class action suit accusing the bank of excessive overdraft fees, according to documents submitted Friday in the US District Court Southern District of Florida [official website]. BOA is among more than two dozen US, Canadian and European lenders named as defendants in the class action lawsuit, which consolidated claims across the country in 2009. In their amended complaint [text, PDF], the plaintiffs claimed that BOA’s…

By | 2011-02-17T07:52:30+00:00 February 17th, 2011|Uncategorized|0 Comments

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