March 05, 2012
The Eleventh Circuit on Monday found that a proposed class of Regions Financial Corp. customers must arbitrate their claims that Regions and its banking unit Regions Bank charged them expensive overdraft fees, reversing a lower court's ruling.
March 01, 2012
The Eleventh Circuit on Thursday ordered members of a putative class action alleging SunTrust Banks Inc. hit them with exorbitant overdraft fees must take their case to arbitration, overturning a lower court ruling in the broader multidistrict litigation over overdraft fees.
February 06, 2012
JPMorgan Chase Bank NA on Friday became the latest bank to settle claims that it had breached customer contracts by charging exorbitant overdraft fees, posting notice of a proposed settlement that includes a $110 million payment to plaintiffs in the multidistrict case.
December 15, 2011
Wachovia Bank NA and Wells Fargo & Co. were the latest banks to lose a motion for arbitration Thursday in Florida in multidistrict litigation alleging many of the country's top banks bilked customers out of billions of dollars with egregious overdraft fees.
December 12, 2011
A Florida federal judge shot down attempts by two Argentine law firms Thursday to participate in the allocation of attorneys' fees tied to Bank of America NA's $410 million settlement in a multidistrict litigation accusing banks of charging customers exorbitant overdraft fees.
November 28, 2011
An Associated Banc-Corp unit will pay $13 million to exit multidistrict litigation in Florida accusing the bank of breaching contracts by unfairly charging customers exorbitant overdraft fees, the parties said Monday.
November 04, 2011
Union Bank NA will shell out $35 million to withdraw from a multidistrict litigation in Florida accusing several banks of breaching contracts by unfairly charging customers exorbitant overdraft fees, the parties said Wednesday.
October 19, 2011
IberiaBank Corp. agreed Wednesday to pay $2.5 million to settle its involvement in Florida multidistrict litigation accusing several banks of breaching contracts by unfairly charging customers exorbitant overdraft fees.
September 02, 2011
A Florida federal judge on Thursday affirmed his ruling that bank defendants in multidistrict litigation over overdraft fees cannot enforce customer arbitration agreements, despite the U.S. Supreme Court's Concepcion decision, which negated his original ruling.
July 26, 2011
A Florida federal judge on Monday granted class certification to Union Bank NA customers in multidistrict litigation accusing multiple banks of breaching contracts by unfairly charging exorbitant overdraft fees.