bank of america lawsuit settlement 2011

bank of america lawsuit settlement 2011 : In late May, Bank of America’s $410 million settlement of a class action lawsuit concerning debit-card overdraft fees received preliminary approval from a Miami federal judge. Thirty five banks were named in a class-action litigation and Bank of America was the first to settle. The final approval hearing will be November 7th.

Bank of America Overdraft Fee Lawsuit Settlement
Remember a few years ago when it was revealed that banks were (allegedly) playing games when it came to the ordering of various transactions? Fifth Third Bank settled in April on something very similar. Well, the lawsuit charged that banks were processing charges days after a purchase was made,Read more..

What the Bank of America shake-up means for you
The recent executive shake-up at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of the banking colossus and Merrill Lynch, the brokerage firm it owns, or as a shareholder. Read more..

450,000 to Get Payments in Countrywide Settlement
More than 450,000 borrowers who were charged excessive fees by Countrywide Home Loans when they fell behind on their mortgages will finally begin receiving the $108 million the company agreed to pay in a settlement struck with the Federal Trade Commission in June 2010, the agency said Wednesday. The number of consumers recovering money in the settlement is the biggest in the F.T.C.s history and wound up being double what the commission had estimated. Read more..

The Lawyer Behind the Bank of America Settlement
Updated DealBook doesn’t have a lawyer of the day award. But if it did the nod would go to Kathy D. Patrick, a litigator at a small Houston firm who stared down Bank of America and secured an $8.5 billion settlement for her clients Read more..
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