January 30, 2014
by Jason Kellam
JURIST Guest Columnist Andrew Watson of Maurice Blackburn Lawyers explains the story behind Australia's largest consumer class action...Why do banks charge late fees? Over limit fees? Honor and dishonor fees? Are they punishment for misbehaving customers or fees for services? A judgment shortly ...[read more]
May 16, 2013
by Addison Morris
A federal judge on Tuesday reinstated a $203 million penalty against Wells Fargo in a class action suit alleging that the bank affirmatively misled customers and then charged excessive overdraft fees. Rather than processing purchases in a chronological order, as is the common practice, the bank ...[read more]
July 2, 2012
by Rebecca DiLeonardo
US Bancorp, one of the 10 largest banks in the US, on Monday announced that they have agreed to a $55 million settlement to resolve lawsuits by customers who sued over excessive overdraft fees. The settlement is part of ongoing national litigation challenging the overdraft practices of 35 banks. ...[read more]
June 29, 2012
by Cody Harding
On June 29, 2011, Bank of America (BOA) announced an $8.5 billion settlement agreement arising from claims that it had sold bad securities that contributed to the housing market collapse. The securities, called first-lien residential mortgage-backed securitization, were issued by its Countrywide ...[read more]
May 25, 2012
by Max Slater
A senior judge for the US District Court for the Southern District of Florida approved a settlement agreement on Thursday between JPMorgan Chase & Co. (JPMC) and more than one million litigants nationwide who sued over excessive overdraft fees. The settlement requires JPMC to pay $110 million ...[read more]
November 8, 2011
by Sarah Posner
A senior judge for the US District Court for the Southern District of Florida on Monday gave final approval to a $410 million settlement in the class action suit against Bank of America (BOA) for overdraft fees that affected more than 13 million people. Judge James Lawrence King found this ...[read more]
May 24, 2011
by Zach Zagger
A class action settlement for $410 million between Bank of America (BOA) and customers claiming they were illegally charged overdraft fees was preliminarily approved on Monday in federal court. A judge for the US District Court for the Southern District of Florida approved the settlement plan in ...[read more]
February 8, 2011
by Aman Kakar
Bank of America (BOA) 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. BOA is among more than two dozen US, Canadian and European lenders named ...[read more]
November 25, 2009
by Ximena Marinero
The UK Supreme Court on Wednesday ruled that the Office of Fair Trading (OFT) may not challenge the fairness of bank overdraft fee charges as a matter of law. The Court ruled in favor of seven major banks and one building society appealing a lower court decision, holding: he bank charges levied ...[read more]
November 25, 2009
by Ingrid Burke
Office of Fair Trading v. Abbey National PLC, et al., Supreme Court of the United Kingdom, November 25, 2090 .Reported in JURIST's Paper Chase here. Latest commentary available here. JURIST has more on legal issues surrounding UK banks... ...[read more]

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