BofA Agrees to Pay $66.6M to Settle Lawsuit Brought by Tycko & Zavareei for Excessive Overdraft Fees

Law360, New York (November 1, 2017, 6:14 PM EDT) — Bank of America NA has agreed to pay $66.6 million to end a putative class action claiming it violated usury laws by charging account holders an additional $35 fee for failing to replenish their overdrawn accounts within five days, according to documents filed in California federal court Tuesday. [Read more.]