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BofA Agrees To $27.5M Deal To End Overdraft Fee Suit

By Kali Hays (January 13, 2016, 6:55 PM EST) -- Bank of America and a proposed class of millions of checking account holders have reached a $27.5 million deal settling claims that the bank improperly imposed overdraft fees on authorized purchases, with plaintiffs on Wednesday telling a Pennsylvania federal court the settlement provided "substantial" relief....

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