Bank of America has agreed to a mind blowing $66.6 million dollar settlement in regards to the class action lawsuit entitled Joanne Farrell, et al. v. Bank of America NA.
Class members in the case contend that the National Bank Act’s usury limit was violated by Bank of American when they wrongfully assessed customers “extended overdrawn balance charges”
Bank of America denies any actions of wrong doing but have agreed to the $66,600,000 settlement in order to avoid further litigation.
Who should file a claim?
Anyone in the United States who had a BOA checking account between the dates of 2/25/14 to 12/30/17 and were assessed at least one extended overdrawn balance charge that was not refunded.
A claim form is not required. Class members can obtain all the gut wrenching details about the case by clicking the EOBCSettlement.com FAQ link below:
EOBCSettlement.com Contact Points
- Mail: EOBC Litigation, c/o Epiq, P.O. Box 3170, Portland, OR 97208-3170
- Phone: 1-888-396-9598
- Email: Not available
BOA Extended Overdrawn Balance Charges Class Action Settlement Dates
- 4/20/2018: Exclude/Objection Deadline
- 6/18/2018: Settlement Fairness Hearing
- Proof of purchase is not needed
- No Claim Form is required, Class Members will automatically benefit from this settlement unless they opt out
- Settlement benefits will come in the form of cash benefits or debt relief
Class members who file valid claims will be represented by Hassan Zavareei, Jeff Ostrow, Bryan Gowdy, Cristina Pierson, and John R. Hargrove.
The lawsuit is listed as case number 3:16-cv-00492-L-WVG and is pending in the U.S. District Court for the Southern District of California.