FTC Must Stem Tide of Junk Fees Pandemic
TINA.org submits comment regarding the need for a commission rule.
Overdraft Fees at Bank of the West
February 2019: A state court judge granted final approval of a settlement agreement that provides class members with cash payments or account credits. According to the terms, the $222,000 settlement fund will be divided equally among class members after attorneys’ fees, administrative expenses, and other costs are paid.
August 2017: A class-action lawsuit was filed against Bank of the West for allegedly misrepresenting that the bank does not charge overdraft fees on non-recurring debit card transactions when, according to plaintiffs, the bank charges overdraft fees on non-recurring transactions for purchases of rides from the ride-sharing companies Uber and Lyft. (Stahl et al v. Bank of the West, Case No. BC673397, California State Court – Los Angeles)
For more of TINA.org’s coverage of banks, click here.
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