Judge Favors Arbitration In Regions Bank Overdraft Fee Case

Law360, Miami (March 5, 2013, 6:34 PM EST) -- A Florida federal judge on Tuesday said he was inclined to grant Regions Financial Corp.'s bid to compel arbitration with Arkansas customers challenging Regions Bank's overdraft fees, part of multidistrict litigation alleging banks manipulated customers' debit charges to generate additional overdraft fee revenue.

In a hearing Tuesday in Miami, U.S. District Judge James Lawrence King said he did not think the plaintiffs' argument that the customer deposit agreement was unconscionable because it did not comply with a mutuality requirement under Arkansas law would be enough to...
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