Wednesday, July 07, 2010
Law Firms Investigating Practices At West Virginia Banks
WEST VIRGINIA....
Bailey & Glasser has teamed with Washington, D.C.-based law firm Tycko & Zavareei in a class action lawsuit filed on June 17th against City National, N.A. of Charleston alleging customers have been victims of unfair and deceptive overdraft fee practices, a violation of West Virginia’s consumer protection law and contracts with customers. John Barrett, a partner at the Charleston-based law firm Bailey & Glasser, says many overdraft fees were charged because City National manipulated the way debit card transactions were posted, and the bank never properly disclosed its overdraft policies to its customers. According to the lawsuit, national banks charge an estimated $27 billion annually in overdraft fees. Bailey & Glasser and Tycko & Zavareei are also investigating overdraft fee practices of other banks in West Virginia.
# posted by Homer Owens @ 7:35 AM 
