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Wells Fargo Excessive Bank Overdraft Fees Legal News Articles & Interviews

MB Financial Facing Lawsuit re $6,000 in Overdraft Fees

MB Financial Facing Lawsuit re $6,000 in Overdraft Fees April 30, 2018. By Anne Wallace.
Chicago, IL MB Financial dinged Rhonda Boone for a truly jaw-dropping $6,000 in bank overdraft fees between 2015 and 2017. That was 18 percent of her total income for those years. On March 12, 2018 she filed a lawsuit in the Northern District of Illinois seeking class action status on behalf of herself and other similarly situated checking and money market account customers. The fact that these are state law claims suggests that the future direction of consumer financial protection lies in the class action lawsuits to enforce state, rather than federal, law.
Read [ MB Financial Facing Lawsuit re $6,000 in Overdraft Fees ]

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.
Read [ Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit ]

Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs

Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs April 24, 2017. By Gordon Gibb.
Atlanta, GA: A long-running class action lawsuit alleging banking giant Wells Fargo charged their clients and consumers excessive overdraft fees is attempting to move forward amidst a petition by the plaintiffs that Wells Fargo is not in any position to seek arbitration, as the defendant has tarried too long for arbitration to be appropriate.
Read [ Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs ]


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