Statman, Harris & Eyrich, LLC Announces Investigation of Bank Overdraft Fees

/ Source: GlobeNewswire

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 for further information without any obligation or cost to you.

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

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