BofA cannot waive customer suit on ACH transfer fee

By Katryna Perera (April 1, 2022, 7:21 p.m. EDT) — A New York federal judge ruled Thursday that Bank of America should face a reduced proposed class action lawsuit that alleges the bank deceived customers into paying millions of unnecessary dollars costs to send money over the ACH network, the electronic payment system that transmits billions every day.

U.S. District Judge Andrew L. Carter Jr. denied the group’s claim for unjust enrichment and dismissed plaintiff Tami Bruin for lack of personal jurisdiction, but kept the rest of the claims intact.

Bank of America had argued that Bruin’s claims should be denied because she resides in North Carolina. As ordered, the…

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