Bank of America Gets Stiffed on Overdraft Charges...$410 Million

Bank of America Pays $410 Million to Settle Overdraft Suit (from Consumer Affairs on-5-26-2011) Bank of America will be putting $410 million into an escrow account to be divided among its customers who were charged overdraft fees because of checking and debit-card transactions dating back to 2001. The payment is part of a federal court settlement tentatively approved by a federal judge this week. All of the bank's customers will be eligible, not just those involved in the suit,,, <<read more>>

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