Bank Of America "settles" overdraft fees... again, the house always wins... →
Bank of America recently won approval for $410 million settlement in a class-action lawsuit. The lawsuit claimed Bank of America maximized overdraft fees by waiting to process debit transactions or changing the sequence of transactions. The lawsuit basically accused the bank of manipulating accounts for personal gain. The $410 million seems like a huge amount of money, until the gravity of the amount of money made off the fees by the bank is realized at $4.5 billion.
(Source: occupy-boston, via enlighteningnews)
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breatheusin reblogged this from enlighteningnews and added:
This makes me sick. $35...fee is ridiculous, especially if you’ve overdrawn significantly...
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enlighteningnews reblogged this from occupy-boston and added:
Bank of America recently won approval for $410 million settlement in a class-action lawsuit. The lawsuit claimed Bank of...
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