September 04, 2018
A California federal judge has given final approval to a class action settlement that calls for Bank of America to stop charging extended overdraft fees through as late as 2022 and provide millions of dollars' worth of other relief to account holders who were assessed the fees during a nearly four-year period starting in February 2014.
November 01, 2017
Bank of America NA has agreed to pay $66.6 million to end a putative class action claiming it violated usury laws by charging account holders an additional $35 fee for failing to replenish their overdrawn accounts within five days, according to documents filed in California federal court Tuesday.
December 19, 2016
Bank of America NA must face a putative class action over its practice of levying $35 extended charges against account holders for failing to replenish an overdrawn account within five days, after a California federal judge ruled Monday the fees amount to interest.
February 25, 2016
A Bank of America customer filed a putative class action against the bank in California federal court on Thursday, claiming the additional fee BofA charges on top of overdraft fees for balances that remain negative for more than five days is "egregiously high, usurious and illegal."