Overdraft Fee Lawsuit Settled for $90M
PNC Bank will pay $90 million to settle a class-action lawsuit that accuses the bank of re-ordering debit-card postings in order to levy additional overdraft charges on its customers. The suit states that the bank’s computers would sequence a customer’s ATM and debit card transactions from highest to lowest – rather than the order the charges were initiated and authorized — thus triggering an overdraft in a customer’s account, according to the Philadelphia Business