FNB To Pay $3M In Overdraft Fee Class Action Settlement

Law360, New York (February 12, 2013, 7:13 PM EST) -- A Pennsylvania federal judge on Tuesday preliminarily approved a $3 million settlement in a consolidated class action filed against FNB Corp. and First National Bank of Pennsylvania disputing overdraft fees, saying the deal represents a true compromise by both sides.

U.S. District Judge Arthur J. Schwab certified the class and granted the plaintiffs’ unopposed motion for preliminary approval to settle two putative class actions filed in 2012 alleging FNB systematically re-sequenced customers’ debit and credit card transactions to maximize the bank’s overdraft fee revenue. Judge Schwab...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

ORD et al v. F.N.B. CORPORATION


Case Number

2:12-cv-00766

Court

Pennsylvania Western

Nature of Suit

Contract: Other

Judge

Arthur J. Schwab

Date Filed

June 5, 2012

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.