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   
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    July 3 (Bloomberg) -- BBVA Compass ... Consumers sued more than 30 banks, claiming the banks resequenced the actual order of transactions, posting them in highest-to-lowest dollar amount instead of the chronological order, leading to excess overdraft ...
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    Umpqua Bank in Portland, Ore., has become the latest bank to be sued for allegedly manipulating the way in which it processed debit card transactions in order to rake in more overdraft fees. To continue, please log in, register or subscribe.
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  • Q&A: Compass Bank moving up locally
    Compass is owned by Banco Bilbao Vizcaya Argentaria, a Spanish bank that is the world’s seventh-largest financial institution with $785 billion in assets and 7,787 branches in 32 countries. BBVA Compass ... to be clear about overdraft fees — customers ...
    06/10/2010 - 1:00 pm | View Link
  • BBVA Compass is sued over overdraft fees
    BBVA Compass is the latest bank to catch the ire of customers and attorneys because of overdraft fees. In a lawsuit filed earlier this week, Houston-based restaurant company Fat Butter accused the bank of deceptive trade practices, claiming the bank posted ...
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  • BBVA Compass
    BBVA Compass Bancshares, Inc. (formerly Compass Bancshares) is a United States financial holding company, subsidiary of the Spanish multinational Banco Bilbao Vizcaya ...
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