Texas Woman Hits IberiaBank With Overdraft Fees Suit

Law360, New York (October 21, 2010, 12:42 PM EDT) -- A Texas woman has launched a putative class action complaint against IberiaBank, claiming that its $35 overdraft fees for debit transactions amount to an unconscionable contract because they set up a system that fosters multiple charges.

Named plaintiff Gisela Eivet's suit, filed Wednesday in the U.S. District Court for the Southern District of Florida, says the bank could easily warn customers if their funds were insufficient to cover a transaction, but instead automatically hits them with fees in a bid to generate "obscene profits."

"In many...
To view the full article, register now.




Case Information

Case Title

Eivet v. Iberiabank

Case Number



Florida Southern

Nature of Suit

Contract: Other


James Lawrence King

Date Filed

October 20, 2010

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.