updated 12/16/2010 7:17:40 PM ET 2010-12-17T00:17:40

CINCINNATI, Dec. 16, 2010 (GLOBE NEWSWIRE) -- Attorney Advertising

The law firm of Statman, Harris & Eyrich, LLC, which has significant experience in class actions, announced today that it is investigating allegations of deceptive practices relating to overdraft fees charged to debit and ATM customers by the banking industry.

The alleged deceptive practices include but are not limited to:

  • systematic and unfair manipulation of customer transaction histories to maximize the number of overdraft fees assessed against a customer;
  • intentional failure to provide adequate disclosure or notice to customers in order to maximize overdraft fee revenue;
  • re-ordering of electronic debit transactions so as to deplete customer's available funds as quickly as possible to maximize the collection of overdraft fees;
  • charging overdraft fees for transactions that did not overdraw the customer's account;
  • failure to properly disclose overdraft policies; and
  • providing false and misleading account balance information at the point of sale and on the bank's website.

If you have been subjected to unfair overdraft fees and have information regarding these allegations and/or practices and wish to discuss this investigation, contact attorney Melinda Nenning at (513) 345-8181, Ext. 3095, or mnenning@statmanharris.com for further information without any obligation or cost to you.

Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois; Cincinnati, Ohio; and Dayton, Ohio. www.statmanharris.com

CONTACT:  Statman, Harris & Eyrich, LLC
          Melinda S. Nenning, Esq.
          (513) 345-8181, Ext. 3095
          mnenning@statmanharris.com
          441 Vine Street, Suite 3700
          Cincinnati, Ohio 45202

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