Corporate
Apr. 28, 2010
Wells Fargo's Overdraft Policy on Trial
Wells Fargo Bank is charged with gaming customers' debit card transactions to reap $300 million in unfair overdraft fees since 2001.
Daily Journal Staff Writer
SAN FRANCISCO - Wells Fargo gamed customers' debit card transactions to reap $300 million in unfair overdraft fees since 2001, plaintiffs' lawyer Richard M. Heimann charged in an opening statement at U.S. District Court here Monday.
On the contrary, the bank's overdraft rules are equitably designed to charge for risk, to deter customers' bad behavior and to include a gen...
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