Bank of America agrees to settle class action over excessive fees

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Bank of America Corp has agreed to a $75 million preliminary settlement for charging multiple overdraft fees on transactions for checking and savings accounts. What is an overdraft fee? When a customer attempts a purchase with insufficient funds, many banks charge users an overdraft fee for the failed transaction. The practice is highly profitable for […]

How to Spot a Consumer Scam

Phone call from unknown number late at night. Scam, fraud or phishing with smartphone concept. Prank caller, scammer or stranger. Man answering to incoming call. Hoax person with fake identity.

A consumer scam is an unlawful and deceptive ploy designed to extract more money from victims than they owe. During the course of the COVID-19 pandemic, creditors, debt collectors and scammers have been stepping their efforts at an unprecedented rate. In 2020, consumers reported losing $3.4 billion to fraud. Luckily, there are ways to stay […]

Nationstar Hits Thousands with Unauthorized Withdrawals

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Mortgage servicing giant Nationstar (which also operates under the name Mr. Cooper) made multiple unauthorized withdrawals from customer accounts on the night of April 24th, 2021. The North Carolina Attorney General’s Office said that the glitch impacted more than 14,000 North Carolina residents. For some customers, temporary courtesy credits were visible later that same day. […]

Inaccurate & Incorrect Background Checks

Incorrect background checks can cost someone an opportunity for a new job or even cost them their current job. Consequently, the United States government enacted the Fair Credit Reporting Act (FCRA) to protect consumers and promote the accuracy of private consumer reports. In the past few years, our firm resolved a case involving an individual […]

Head-On Automobile Collisions

Head-on collisions, also known as frontal crashes, are arguably the most dangerous kind of car accident. These crashes occur when two vehicles traveling in opposite directions crash into each other. Head-on collisions often cause more catastrophic injuries and fatalities than other collisions because of the combined speed of each vehicle. Causes of Head-On Collisions These potentially […]

Understanding Wills & Trusts

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When it comes to estate-planning, Americans are generally unprepared. A 2020 study showed a 25% decrease in end of life planning since 2017 among elder populations. The experienced attorneys at Maginnis Howard create comprehensive wills and trusts for a range of clients. Whatever your estate-planning needs- we can help. Differences Between Wills & Trusts A […]

The Severity of Commercial Motor Vehicle Collisions

A CMV collision is one that involves a commercial motor vehicle (CMV), such as a bus or semi-truck. When a commercial motor vehicle strikes a passenger vehicle, the occupants of the passenger vehicle may suffer severe injuries. This is because CMVs can be much larger and heavier than smaller vehicles, which can lead to slower […]

Rise in CMV Involved Fatalities in 2020

Commercial Motor Vehicles (CMVs) are very common on North Carolina’s busy roadways. These vehicles are very easy to spot and most drivers will see multiple per day while on North Carolina’s roads. What Defines a Commercial Motor Vehicle? A commercial motor vehicle (CMV) is any vehicle a business uses to transport goods or passengers for the profit of an […]

Laws Protecting Consumers from Scams

The laws protecting consumers have never been more important than in this past year. Many people are facing financial turmoil and are behind on numerous payments. That means the door for debt collectors to prey on consumers. Creditors and debt collectors are stepping up their efforts to collect on what they say is owed. Unfortunately, […]

How Can Banks Misinform Customers?

The Federal Deposit Insurance Corporation (FDIC) protects consumers from the will of financial institutions every day. However, banks can still manage to misinform their customers. Below are some common examples of ways your bank may try to circumvent your rights:  Hidden Fees – undisclosed or concealed fees for maintaining accounts, balance transfers, cash advances, and […]