Park National Bank Settles Overdraft Fee Lawsuit for $510,000
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最新报道：Park National Bank has agreed to pay $510,000 to settle a class-action lawsuit alleging unfair overdraft fee practices. The lawsuit claimed the bank charged excessive fees by processing transactions from highest to lowest dollar amounts, maximizing overdraft charges. The settlement covers customers who incurred overdraft fees between 2017 and 2021. While denying wrongdoing, Park National stated it settled to avoid prolonged litigation. Eligible customers will receive automatic payments or account credits. The case highlights ongoing scrutiny of bank overdraft practices, with several institutions facing similar lawsuits in recent years.
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