Bbva Compass Is Sued Over Overdraft Fees

The bank allegedly pushes the largest debit through an account first, creating an overdraft, and then posts other smaller debits so a fee can be assessed for each transaction, a lawsuit claims.

Topics:  overdraft   
BING NEWS:
  • BBVA Compass Settles Overdraft Suit for $11.5 Million
    BBVA Compass agreed to pay $11.5 million to settle a lawsuit accusing the bank of improperly manipulating customers’ checking-account transactions to generate excess overdraft fees ... Consumers sued more than 30 banks, claiming the banks resequenced ...
    07/3/2012 - 8:11 pm | View Link
  • BBVA Compass Settles Overdraft Suit for $11.5 Million
    BBVA Compass agreed to pay $11.5 million to settle a lawsuit accusing the bank of improperly manipulating customers’ checking-account transactions to generate excess overdraft fees, according to a court filing. U.S. Bank NA also reached a settlement ...
    07/3/2012 - 2:04 pm | View Link
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