Government
Mar. 24, 2007
Court Will Hear Case on Banks' Use of Funds
SAN FRANCISCO - Not so fast, the California Supreme Court has warned banks that dip into customers' accounts to hold Social Security income to pay fees owed separately.
SAN FRANCISCO - Not so fast, the California Supreme Court has warned banks that dip into customers' accounts to hold Social Security income to pay fees owed separately.
The high court's 6-0 vote Wednesday to review the practice could cost Bank of America more than $1 billion in damages.
It prolongs a clash between consumer groups and...
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