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US Bank to Pay $55M To End Overdraft Fee MDL

By Kathryn Brenzel (July 24, 2013, 4:04 PM EDT) -- Classes of bank customers asked a Florida federal judge Wednesday to sign off on a $55 million settlement in multidistrict litigation against a U.S. Bancorp subsidiary, putting to rest three proposed class actions accusing the bank of manipulating debit card transactions to collect higher overdraft fees.  ...

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