Judges and Judiciary
Nov. 22, 2006
Billion-Dollar Reversal Lets Banks Tap Social Security Funds
SAN FRANCISCO - Banks can dip into customers' directly deposited Social Security income to cover bounced checks, a state appellate panel ruled Monday in erasing a billion-dollar-plus judgment against Bank of America.
Daily Journal Staff Writer
SAN FRANCISCO - Banks can dip into customers' directly deposited Social Security income to cover bounced checks, a state appellate panel ruled Monday in erasing a billion-dollar-plus judgment against Bank of America.
The unanimous published decision reverses a San Francisco judge and jury who, deciding separate parts of the class act...
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