U.S. Court of Appeals for the 9th Circuit
Oct. 31, 2014
9th Circuit upholds $203 million judgment against Wells Fargo
Wells Fargo Bank NA misled customers by posting debit card transactions in high-to-low order instead of chronologically as promised so it could reap overdraft fees, a 9th Circuit panel held Wednesday in affirming a $203 million judgment.
By John Roemer
Daily Journal Staff Writer
Wells Fargo Bank NA misled customers by posting debit card transactions in high-to-low order instead of chronologically as promised so it could reap overdraft fees, a 9th Circuit panel held Wednesday in affirming a $203 million judgment against the bank.
The unpublished ruling upheld the award granted by U.S. District Judge William Alsup of San Francisco. The bank violated California's unfair competition law, an act not prote...
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