Harris Bank settles excessive overdraft fee class action

Posted on: December 30th, 2011 by Steve Larson

On December 21, 2011, the parties informed the court that they had reached an agreement in principle, under which Harris Bank will pay the sum of $9.4 million in exchange for a full and complete release of all claims that were or could have been brought against Harris Bank in the multidistrict litigation pending in South Florida.

This is the seventh bank to settle these claims in the MDL proceeding.