Bank of America Reaches $75 Million Settlement Over Excessive Overdraft Fees
(Adds details about bank fees, attorney’s fees, paragraphs 3, 7)By Jonathan StempelMay 14 (Reuters) — Bank of America Corp agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts, court papers showed.A preliminary settlement of the proposed … Read more