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It's Alive! Class Action Lawsuit against Capital One Bank is Back On

It's Alive! Class Action Lawsuit against Capital One Bank is Back On February 18, 2018. By Anne Wallace.
New York, NY Tawanna Roberts's excessive bank overdraft fees lawsuit had all the familiar hallmarks. She claimed that she had a positive balance at the time she made the transactions that triggered the penalties, and that those penalties were made worse by Capital One's practice of reordering transactions to maximize what it could charge.
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Despite Recent Settlements, Banks Still Bilking Consumers Out of Billions

Despite Recent Settlements, Banks Still Bilking Consumers Out of Billions January 19, 2018. By Gordon Gibb.
Washington, DC: When one looks back to 2017 and considers examples when banks have been called to account for excessive bank overdraft fees – including last November’s $66.6 million settlement to end a bank overdraft fees lawsuit against Bank of America – one would naturally assume progress is finally being made on an issue that has plagued Americans for years.
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Overdraft Fees Chewing Up Consumers

Overdraft Fees Chewing Up Consumers December 29, 2017. By Brenda Craig.
Washington, D.C. A new report from Pew Charitable Trusts released on December 20, 2017 documents the burden overdraft fees continue to place on the shoulders of consumers. Although the banking industry has made some voluntary changes regarding overdraft fees Pew reports that American consumers are still paying $14 billion annually in overdraft fees.
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Are Continuous Overdraft Fees Like Illegal Payday Loans?

Are Continuous Overdraft Fees Like Illegal Payday Loans? November 25, 2017. By Anne Wallace.
Honolulu, HI: Many consumer lawsuits over excessive overdraft fees focus on banks’ practice of reordering withdrawals to maximize what they can charge. The argument advanced by Linda Robinson in Robinson v. First Hawaiian Bank is different and relies on state usury laws. This opens new possibilities in the battle between consumers and banks and may prove to be important as federal financial protection for consumers seems increasingly under siege.
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Bank of America to Settle Excessive Fees Class Action for $66.6 Million

Bank of America to Settle Excessive Fees Class Action for $66.6 Million November 10, 2017. By Gordon Gibb.
Los Angeles, CA: Yet another major bank has bowed to litigants enraged over excessive bank overdraft fees, following the announcement of a settlement worth $66.6 million. The bank overdraft fees settlement, designed to end a lawsuit against Bank of America, still requires court approval.
Read [ Bank of America to Settle Excessive Fees Class Action for $66.6 Million ]

It Just Got Harder to Sue Your Bank for Excessive Overdraft Fees

It Just Got Harder to Sue Your Bank for Excessive Overdraft Fees October 30, 2017. By Anne Wallace.
Washington, DC: On October 24,2017, the Senate voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that limited banks’ ability to enforce mandatory arbitration clauses in consumer contracts. While this change is unlikely to alter the course of existing excessive overdraft fee lawsuits, it will make it much harder for consumers to join class actions against giant financial institutions like Wells Fargo, Capital One or Fifth Third in the future.
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Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit

Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit October 16, 2017. By Gordon Gibb.
Atlanta, GA: The defendant in an excessive bank overdraft fees lawsuit petitioned an appeals court back in August to compel more than a million Wells Fargo account holders allegedly hit with excessive bank fees to individually pursue a remedy through arbitration, rather than through the courts.
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Defendant Attempts to Quash TCPA Lawsuit through Unique Interpretation of Law

Defendant Attempts to Quash TCPA Lawsuit through Unique Interpretation of Law September 30, 2017. By Gordon Gibb.
Atlanta, GA: A nuisance call lawsuit that alleges violations under the Telephone Consumer Protection Act (TCPA) against defendant Comenity Bank has taken an interesting detour over revocation of consent.
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Banks Fight Excessive Overdraft Suits with Bid for Arbitration

Banks Fight Excessive Overdraft Suits with Bid for Arbitration September 8, 2017. By Anne Wallace.
Atlanta, GA: Only a nut would sue for $35. Banks count on that when they boost overdraft fees through a technique known as “debit resequencing.” The 2010 changes in banking law that were part of Dodd-Frank have failed to kill the practice. It persists even after a $35 million class-action settlement over Union bank excessive overdraft fees in 2011. One of the banks’ newer schemes to keep this revenue source producing has been to force consumers out of class-action lawsuits and into costly individual arbitration. Only a nut would arbitrate over $35.
Read [ Banks Fight Excessive Overdraft Suits with Bid for Arbitration ]

Whistleblower Alleges Healthcare Fraud in Lawsuit

Whistleblower Alleges Healthcare Fraud in Lawsuit September 7, 2017. By Gordon Gibb.
Camden, NJ: A former employee of Cooper Health System in New Jersey has filed a whistleblower healthcare fraud lawsuit after the paramedic claims he was fired for raising concerns about poor treatment of patients, potential billing fraud and other allegations related to regulatory violations.
Read [ Whistleblower Alleges Healthcare Fraud in Lawsuit ]

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