11th Circ. Forces Arbitration In Regions Bank Overdraft Suit

Law360, New York (March 5, 2012, 4:58 PM EST) -- The Eleventh Circuit on Monday found that a proposed class of Regions Financial Corp. customers must arbitrate their claims that Regions and its banking unit Regions Bank charged them expensive overdraft fees, reversing a lower court's ruling.

A three-judge panel said that a reimbursement provision in Regions' arbitration agreement with its customers — which would hold the plaintiffs liable for the bank’s arbitration expenses — is allowable under Georgia law. The panel rejected the Florida federal court’s ruling that such a provision was skewed against the...
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