JPMorgan excessive overdraft settlement preliminarily approved

Posted on: June 8th, 2012 by Steve Larson

On May 25, 2012, Judge King in the Southern District of Florida preliminarily approved the $100 million settlement between JPMorgan Chase and its customers who were allegedly charged excessive overdraft fees when JPMorgan Chase switched its method for ordering transactions based on highest to lowest.

A Final Approval Hearing has yet to be scheduled.