Litigation
Jul. 13, 2010
Bank Defends Overdraft Fees
Wells Fargo & Co. is fending off claims that its checking account overdraft policies are illegal in a heated climate of economic reform that has already spawned a law aimed at curbing the practice.
Daily Journal Staff Writer
SAN FRANCISCO - Wells Fargo & Co. is fending off claims that its checking account overdraft policies are illegal in a heated climate of economic reform that has already spawned a law aimed at curbing the practice the bank is accused of abusing.
The law, which took effect July 1, mandates that unless customers have chosen to participate in an overdraft program, banks must deny purc...
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