Bank of America: another bad practices lawsuit

Bank of America is being sued in California Federal Court for  unfair accounting practices that show customers have over-drawn their accounts and wrongly assessing overdraft fees on those accounts.

These suit are becoming more common.   Is it growing consumer distrust of banks or banks desperate to make money and way they can given their tremendous debt loads?  Or both?

Complaint courtesy Courthousenews

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2 Responses to “Bank of America: another bad practices lawsuit”

  1. Wells Fargo overdraft overreaching « Reading Tea Leaves by Randy Wilson Says:

    […] This suit is similar to the one filed against Bank of America earlier this month I mentioned in this post. […]

  2. Lawsuit: Wachovia’s overdraft overreaching « Reading Tea Leaves by Randy Wilson Says:

    […] This is the third of these class actions filed against large retail banks.  First, I posted about Bank of America and last month it was Wells Fargo and now its Wachovia.   Basically, its concerns how the bank […]

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