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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


About Daisy Rawson

Check Also

DWTS hosts Tyra Banks and Alfonso Ribeiro explain how the Disney+ move changed things for the better

Season 31 of Dancing With the stars is bigger and better than ever. The new …