Arbitration Clause Enforcement Likely In Overdraft MDL

Law360, Miami (August 26, 2013, 9:14 PM EDT) -- A Florida federal judge overseeing a multidistrict litigation over checking account overdraft fees on Monday said he is leaning toward enforcing arbitration provisions signed by KeyBank NA and Wells Fargo & Co. customers.

U.S. District Judge James Lawrence King told the parties he would take the matter under advisement, but said that he is inclined to believe "that the delegation clause in both of these cases is enforceable under the current status of the law."

Both KeyBank and Wells Fargo argued that the checking customers who...
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