A class action law suit was filed against Bank of America for creating over draft situations with customers by debit card charges and deposits in a manner that encouraged over draft fees. The class action suit is Closson vs Bank of America. The plaintiff's were awarded $35 million dollars.
On the heels of the Bank of America news The Consumer Overdraft Protection Fair Practices Act H.R.1456 just passed. Banks are no longer permitted to automatically enroll customers in fee based over draft protection. Americans have paid $17.5 billion in overdraft fees. If you paid Bank of America an overdraft fee between 2000 and 2007 you may be eligible to receive $78.
Maya Thomas
REALTOR®
Exit Realty Old Island Key West
1511 Truman Avenue
Key West, FL 33040
(305) 522-1398
www.ShowcasePortfolioProperties.com
MyRealPro@gmail.com
Ouch! That hurts. You wonder when banks will finally learn their lesson!