Great Western Bank announced that it has settled the overdraft class action pending against it in the MDL in Florida for $2.2 million. This is the sixth case pending in the MDL in Florida that has settled. Others cited earlier in this blog include Bank of America ($410 million), Bank of Oklahoma ($19 million), Associated Bank ($13 million), Union Bank ($35 million), and Iberia Bank ($2.5 million). Two overdraft fee class actions reported on in this blog that were not transferred to the MDL have also settled: Bank of Hawaii ($9 million) and Fifth Third Bank ($9.5 million).
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