United State District Court for The Eastern District of Pennsylvania, Civil Action No. 2:21-cv-3585
A settlement has been reached in a class action lawsuit regarding Bank of America’s practice of charging Non-Sufficient Funds (“NSF Fees”) and/or certain Overdraft Fees on checks processed for payment more than one time after having been initially returned for insufficient funds and assessed an NSF Fee. If approved, the Settlement will include BANA’s cash payment of $8,000,000.00 into a common fund. Further, after the initiation of this Action, BANA ceased the practice at the heart of this Action, charging more than one fee on a check that is re-presented for payment, and, as a result of this Settlement, has committed to not re-establish the practice for at least five years.
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