Bank of America and a proposed class of millions of checking account holders have reached a $27.5-million settlement resolving claims that the bank improperly imposed overdraft fees on autho... Read more
It was announced last month that the new U.S. Consumer Financial Protection Bureau would be cracking down on the checking account overdraft fees charged by banks. The agency says the charges... Read more
J.P. Morgan Chase has agreed to pay $110 million to settle a class-action lawsuit challenging the way Chase charged debit card fees to customers who spent more than what was in their account... Read more
A Miami judge has given final approval to the $410 million Bank of America settlement in a class-action lawsuit that accused the bank of charging excessive overdraft fees to millions of debi... Read more
For years, consumer advocates have fought the practice by banks of clearing the largest check or debit first on any given day, arguing that it simply raises the chances of collecting more ov... Read more
Woodforest Bank has agreed to refund more than $12 million to consumers who were charged high overdraft fees on bank accounts. In addition, the bank will pay a $400,000 penalty to the federa... Read more
Overdraft fees are boosting banks’ profits at the expense of consumers, especially young and low-income people, according to findings in a new Federal Deposit Insurance Corp. study. Th... Read more
For years, banks have charged customers large fees for overdrawing their checking accounts. Now a growing number of institutions are charging customers such fees even before the transaction... Read more
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