Let Them (Increasingly) Eat Class Action Lawsuits

Abby Zimet

A federal judge has approved a $410 million settlement in a class-action lawsuit affecting millions of Bank of America customers - including my son, way too often - who paid outrageous amounts in $35 debit card overdraft fees. The compromise deal was criticized by some customers, who will only get a fraction of what they paid, but it's a start.

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