TD Didn't Curb Overdraft Fees After $62M Deal, Suit Says

Law360, New York (March 4, 2014, 4:46 PM EST) -- TD Bank NA was hit with a proposed class action Friday in Pennsylvania federal court alleging it has continued manipulating the order of debit card transactions to maximize overdraft fees, less than a year after it paid $62 million to settle multidistrict litigation over the same practice.

Lead plaintiffs Sheila and Emilio Padilla’s complaint alleges that TD Bank has continued to use a software scheme to illegally collect overdraft fees, and has assessed the fees even when customers have sufficient funds in their account to cover...
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