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Sustained Overdraft Fees Aren't Interest, Bank Tells 1st Circ.

By Jon Hill (August 31, 2018, 7:50 PM EDT) -- Citizens Bank NA has urged a First Circuit panel to affirm the dismissal of a proposed class action that alleges the bank's so-called sustained overdraft fees are really just illegal interest charges, arguing that the federal agency in charge of national banks has made it clear that such fees don't count as interest....

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