Bank of America agrees to settle class action over excessive fees

Hands of cafe visitor holding credit card and putting it to the card payment machine

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 […]

$1.2 Million FDCPA Class Action Bankruptcy Discharge Settlement

In 2019, Ed Maginnis and Karl Gwaltney obtained a $1.2 million settlement for a Fair Debt Collection Practices Act (FDCPA) class action. The plaintiff filed for Chapter 7 bankruptcy over medical debts which cleared him from liability. More than 400,000 people file for bankruptcy each year, and medical debt is the leading type of claim. […]

Wage & Hour Collective and Class Action Litigation

The Fair Labor Standards Act (FLSA) provides for collective action lawsuits against employers for minimum wage and overtime pay violations. The U.S. Department of Labor has estimated that nearly 80% of all of employers are not in compliance with applicable wage and hour laws. The FLSA collective action procedure is similar to class action lawsuits […]