Overdraft Fees Haunt Bank of America

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011273-overdraft-fees-haunt-bank-of-america/

Bank of America says it will appeal a recent court ruling that directed the bank to pay $284 million to customers who were improperly charged overdraft fees.

Last week a California state judge ruled against the nation’s third-largest bank, after finding that the lender charged overdraft fees on customer accounts containing Social Security deposits. The judge also ruled that other affected customers could be entitled to an award of $1,000 each.

For this complete story, please visit Overdraft Fees Haunt Bank of America.

Overdraft Fees Haunt Bank of America

Unknown Author

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