HSBC Can't Kick Overdraft Fee Class Action

Law360, Los Angeles (June 29, 2012, 8:43 PM ET) -- A New York judge on Tuesday largely preserved a class action accusing HSBC Bank USA NA of deceptive business practices over the bank’s debit card overdraft fee practices, saying the plaintiffs’ state law claims aren’t preempted by federal regulation of national banks.

New York Supreme Court Judge Eileen Bransten rejected HSBC’s request to dismiss claims for unjust enrichment, conversion, breach of the covenant of good faith and fair dealing, and deceptive business practices under New York state law on grounds that they conflict with the National...
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