Bank of America to pay $75M to settle class action on overdraft fees

Plaintiffs accused the bank of "retrying" transactions after they initially failed and charging overdraft fees for each attempt. Bank of America agreed not to do that for at least five years under the settlement, lawyers said.

Original source: https://www.bankingdive.com/news/bank-of-america-to-pay-75m-to-settle-class-action-on-overdraft-fees/600278/