Outcome: Over $15 Million Class Action Settlement
In a significant class action settlement, a regional bank’s accountholders, who incurred overdraft fees over an eight-year period due to the bank’s high-to-low posting order of transactions and alleged misleading conduct regarding this practice, will benefit from an over $15 million settlement fund. TZ has been appointed as the class counsel. This resolution aims to rectify the financial discrepancies and uphold consumer rights.