Billion-Dollar Bank To Hand Out $510,000 To Settle Class Action Lawsuit Alleging Improper Charging of Overdraft Fees

Description

A multi-billion-dollar bank is planning to shell out $510,000 to settle a class action lawsuit stemming from allegations that the financial institution hit customers with improper overdraft fees. Customers accuse Park National Bank of assessing allegedly improper Authorized Positive Purportedly Settled Negative (APPSN) fees between November 1st, 2016 and February 20th, 2025. An account that is initially authorized for a transaction but later has insufficient funds to process it and is overdrawn ...