September 12, 2013
A Rhode Island federal judge on Thursday approved Bank of America Corp.'s revised $4 million settlement aimed at resolving a class action over allegedly unfair late fees imposed on credit card customers, finding that the new agreement properly awards the parties without excessive attorneys' fees.
May 07, 2012
A federal judge on Thursday rejected Bank of America Corp.'s proposed settlement aimed at resolving a Rhode Island class action over allegedly unfair late fees imposed on credit card customers, finding the deal's $1.5 million in class counsel fees and expenses dwarfs class members' recovery.