2 July, 2012

Keep ‘Em Honest: A Wake-Up Call to the Financial Industry

By | July 2nd, 2012|Class Action|

There is a resounding trend in national policy-making to call for more transparency in financial processes.  Numerous laws have been passed or are currently being voted on in efforts to further this trend.  It is [...]

2 November, 2011

When Consumers Speak Up, Change Happens

By | November 2nd, 2011|Class Action|

On what must be the happiest day in her 22 years, Molly Katchpole, a Washington, D.C. nanny who started an online petition urging Bank of America to drop its new debit fee, scored a big [...]

3 March, 2011

HSBC Sued for “Excessive” Overdraft Fees

By | March 3rd, 2011|Class Action|

An HSBC Holdings Plc. unit was sued earlier this week for collecting what are described as “excessive” overdraft fees and failing to alert consumers when they make a transaction that incurs the bank’s $35 overdraft [...]

6 April, 2010

In Our Opinion:

By | April 6th, 2010|Class Action|

How Did Customers Tell Banks They Don’t Want Overdraft Fees? Through Trial Attorneys. As we deal with defective products from China, sudden accelerating automobiles, corporate malfeasance and self interest by banks and investment houses, individuals find themselves with no choice but to seek redress in our court system. Trial attorneys can and have made consumers’ voices heard and effectuated change. That is exactly what happened this spring when Bank of America announced that it would no longer authorize debit card transactions when the customer doesn’t have the money in their account to cover the purchase—a practice that has reaped banks literally millions of dollars in income. The national bank says that its customers have been clear that they don’t want to be surprised by overdraft fees in such cases. But how did Bank of America know that its customers were tired of overdraft fees and weren’t going to accept them anymore? […]