Great Western Bank settles overdraft fee class action

Posted on: December 20th, 2011 by Steve Larson

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).