LAWSUITS NEWS & LEGAL INFORMATION
Search Results for
Sort by date 1,812 pages found matching bank of america- Debts Wiped Out for 140,000 Payday Loan Customers
Sep-27-10 Washington, DC It took six years, 17,000 billable hours, three law firms and three public justice organizations, but in the end they managed to wrestle a payday loan company in North Carolina into a settling with thousands of unhappy customers. "We have had great reaction from clients," says Paul Bland, with the Public Justice organization in Washingto... - Class Action Upheld in Overdraft Fees Lawsuit
Sep-12-15 Miami, FL An overdraft fees lawsuit that had been given class-action status has had that class-action status confirmed by a Florida federal judge. The excessive overdraft fees lawsuit alleged that Wells Fargo Bank improperly reordered customer transactions to increase profits from overdraft fees. Wells Fargo is not the only financial institution accuse... - TD Bank Faces Overdraft Fees Class Action Lawsuit
New York, NY: A consumer banking class action lawsuit has been filed against TD Bank NA alleging the financial institution continues to manipulate the order of debit card transactions so that it can profit through the maximization of overdraft fees. The lawsuit comes less than a year after the bank paid $62 million to settle a multidistrict litigatio... - Banks Face Customers Angry About Overdraft Fees
Sep-20-11 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 laws... - New Overdraft Fee Legislation Set to Take Effect
Aug-5-10 Washington, DC As August 15 approaches, consumers are being asked whether or not they will accept bank overdraft protection . Many consumers reportedly say they will not opt in—likely because of the excessive bank overdraft fees. As of August 15, customers with existing bank accounts must give their permission before being enrolled in overdraft... - Ninth Circuit Sends "High-Tech Debt Trap" Lawsuit to Arbitration
Feb-27-21 Los Angeles, CA On February 19, the Ninth Circuit held that a borrower, who found herself in what she described as a “high-tech debt trap,” must arbitrate her claims against the lender, having waived her right to sue. Marggieh DeCarlo was trying to build credit but instead found herself entangled instead in a ruinous web of loan charg... - Trusts and Estates: Put Your Trust in a Good Lawyer
Sep-28-08 Scranton, PA So, my Bucko—it is you that has drawn the honor of setting up, and managing what happens with Dad's money. You're the oldest, after all. Well, congratulations. But before you immerse yourself in estate planning, wills and trusts , and all the subtle and complex issues that go along with it, sit down in a quiet spot and stew on it a bit. Whe... - Attorney Brian Maul Wins Big for Sub Prime Mortgage Victim
Aug-13-08 Frederick, MD Attorney Brian Maul says he has had several phone calls this week from people who would like his help, after he won a whooping $1.25 million in compensatory and punitive damages at trial against the Wells Fargo Bank on behalf of woman who was a victim of the sub prime mortgage debacle. "I am sure there are others out there who went through... - Revised Bank Overdraft Fees Rules Lead to New Charges
Nov-2-10 Washington, D.C. Losses in revenue from bank overdraft fees resulting from a new federal rule have led many banks to create new charges in order to keep their bottom lines intact. According to the Philadelphia Inquirer , banks have collected $1.7 billion dollars less from overdraft fees in 2010 than in 2009, representing a five percent decline. ... - Bank of America Sued For Overtime
Jun-7-10 Washington, DC An overtime lawsuit has been filed against Bank of America, alleging the bank failed to pay overtime to employees. The lawsuit, filed June 4, 2010, alleges the bank violated overtime laws in California, Florida, Washington, Kansas and Texas. Hourly workers, including current and former bank tellers, alleged Bank of America did not pay... - U.S. Supreme Court to Hear Oral Arguments in ERISA Breach of Fiduciary Duty Lawsuit
Jan-10-20 Washington, DC On January 13, the U.S. Supreme Court will hear oral arguments in Thole v. U.S. Bank, NA , an ERISA lawsuit (ERISA) that has major implications for the rights of participants and beneficiaries to sue plan sponsors under the basic legal framework of ERISA. The defendant plan sponsor will argue that the plaintiff retirees have no standing... - Federal Judge Refuses to Toss out Lawsuits Stemming from Excessive Bank Overdraft Fees
Mar-17-10 Miami, FL Last Thursday a federal judge refused to dismiss lawsuits against several major banks centered on excessive overdraft fees . In his 50-page opinion, Judge Lawrence King declared that Bank of America, Citibank, JPMorgan Chase, US Bank, Wachovia, Wells Fargo and others are not entitled to a dismissal of complaints that seek to recoup hundreds... - Advance America Cash Advance Centers Agrees $18.75 million Settlement
Spartanburg, SC: Advance America, Cash Advance Centers Inc has agreed to pay $18.75 million to settle a class-action lawsuit without admitting violating any state consumer finance laws, according to an SEC filing. The Spartanburg-based provider of payday and other loans said it would establish a settlement pool to compensate North Carolina class m... - Consumer Advocate Groups Lament Excessive Bank Overdraft Fees
Sep-27-11 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 . The news source reports that a study conducted in June by the Consumer Federation of America found that the median overdraft fee at the larg... - Mortgage Lawsuit News and Legal Information
Buying a home is stressful enough, but some financial institutions and other organizations linked to home buying fees are accused of predatory lending practices. Among the alleged practices are charging excessive mortgage fees and closing fees , violating the Truth in Lending Act, abusing force placed insurance, illegally foreclosing on homes, and di... - $32M Settlement Approved in BofA TCPA Class Action Lawsuit
Los Angeles, CA: A $32 million settlement has been reached in a Telephone Consumer protection Act (TCPA) class action pending against Bank of America (BofA). The lawsuit claims the bank and FIA Card Services, also a defendant, violated the TCPA when it used automatic telephone dialing systems and/or an artificial or prerecorded voice to contact indi... - Cash Advance? There’s an App for That
Mar-25-19 Washington, DC What, you may ask, does the Pay feature of the new smartphone app, Branch , have to do with excessive overdraft fee lawsuits ? The honest answer is maybe nothing. On the other hand, it may be next new frontier for an under-regulated cash advance/overdraft fee/ payday loan industry. Loan sharks and payday lenders have long been players... - Business Ethics, Host America Corp. agrees to pay $2.45 million class action settlement for acting in an unlawful manner
Hamden, CT: (Oct-19-07) A class action lawsuit was filed against Host America Corp. and some of its past and present directors and officers, alleging that the defendants acted in an unlawful manner, violating business ethics. As part of a settlement reached, the suit that was being considered in the US District Court for the District of Connecticut was res... - UMB Overdraft Fees Lawsuit Help and Legal Information
Santa Clara, CA: Allegations have been made regarding excessive overdraft fees against a number of banks, including UMB Bank. Specifically, customers allege the bank misrepresents account balances and re-order credit and debit charges to customers’ accounts, in such a way as to deliberately take them into overdraft. When customers are... - An Optimistic View on Auction Rate Securities
Jun-23-08 Las Vegas, NV Keith knew he had invested in a liquid asset that was easily accessible if needed, but it was only upon hearing the news of the failure of the auction-rate securities market that he discovered what kind of investment he actually possessed. "I had a sum of money that had matured from another investment, and it went into my broker's hands,...