Legal News Articles - Consumer Banking

Salt Lake City, UT: Customers upset over excessive bank overdraft fees have filed another lawsuit, this one against Zions Bank, alleging excessive bank fees. According to reports, bank customers claim the bank overdraft fees policy forced customers into overdraft more quickly than they should have, resulting in high profits from overdraft fees.

Salt Lake City, UT: A group of angry customers has filed a lawsuit against Zions Bank in Utah, as the class-action group is protesting the institution's implementation of excessive overdraft fees, The Associated Press reported.

Boca Raton, FL: Despite the fact that the issue was addressed by Congress last year, a number of consumer advocate groups are up in arms again over excessive bank overdraft fees, according to the Sun-Sentinel.

Los Angeles, CA: For customers who are angry about being charged excessive bank overdraft fees, filing a lawsuit may be the best way to recover lost money. Some banks have already faced bank overdraft fees lawsuits, although there are still banks that allegedly profited off bank overdraft fees by reordering transactions but have not been subject to lawsuits.

Denver, CO: Banks across the United States are feeling the wrath of unhappy customers as lawsuits alleging excessive bank overdraft fees pile up. Customers allege they are not only charged outrageous bank overdraft fees but are also subjected to reordering of transactions, which pushes their accounts into overdraft quickly, increasing the amount they pay in banking overdraft fees.

Washington, DC: Two new surveys released recently by the government indicated that reforms have led to the near elimination of credit card rate hikes and over-limit charges as well as a reduction in penalty fees, the Washington Post reports.

Philadelphia, PA: Got to hand it to attorney John Narkin. He's got this foreclosure crisis thing figured out—well, near as anyone can figure it out. The 113-page class-action suit on behalf of distressed homeowners filed by Narkin's firm, BHN Law in Philly, lays out the whole sorry story in amazing detail, complete with links to video clips.

New York, NY: JP Morgan Chase has admitted in a report aired by NBC News, that they have "overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan." Furthermore, the bank actually foreclosed, improperly, on the homes of several military families.

New York, NY: If attorney Susan Chana Lask is right, she has hit on class action suit that will go down in history as one of the critical features of the foreclosure crisis that has ruined the lives of millions of Americans. "It is disgusting," says Lask, a smart and feisty New York City lawyer. "I am really starting to hate banks. They are messing with our lives."

Washington, DC: A few weeks ago it was alleged that banking giant Goldman Sachs committed what amounted to consumer and financial fraud when it sold clients a complex investment linked to the value of homes. The investment was secretly designed to fail—which would have benefitted another firm that allegedly assisted the bank in the creation of the investment and planned to bet against it.