Judge OKs $410M settlement for Bank of America [View All]

[sarcasmo]

Source: AP

Snip < A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade.


Snip< Barry Himmelstein, an attorney for customers who objected to the deal, said he calculated that the bank actually raked in $4.5 billion through the overdraft fees and was repaying less than 10 percent. He said the average customer in the case had $300 in overdraft fees, making them eligible for a $27 award — less than one overdraft charge — from the lawsuit.

Read more: http://news.yahoo.com/judge-oks-410m-settlement-bank-america-214423478.html

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Bankers sledom do time. Stole 4.5 billion and pay back 410 million.