TISA Doesn't Bar Private State Claims, Calif. High Court Says

Law360, New York (August 1, 2013, 6:09 PM EDT) -- The California Supreme Court on Thursday revived a putative class action over Bank of America NA’s alleged failure to properly notify customers of fee increases, ruling a bar on private actions under the federal Truth in Savings Act doesn’t prohibit state claims derived from the act.

In a published opinion, the state high court found that an appeals court had mistakenly ruled that the repeal of a TISA provision allowing for private actions under the law had also barred any private claims derived from the federal...
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