If you've been socked with one of those pesky overdraft fees on your Bank of America account over the last few years, you might be getting some cash back under a proposed settlement.Filed in 2004, Closson v. Bank of America is a class-action lawsuit that alleges that Bank of America (BAC - Get Report) intentionally engaged in "misconduct" through its practice of charging certain fees on debit card transactions, in conjunction with deceptive accounting practices and "unconscionable" customer agreements. Under the terms proposed in the settlement, BofA would pay a total of $35 million to a fund; eligible class members would receive a payment of up to $78, depending on how many total claimants join in. Those who think they're due for some payback need to submit a claim before May 1, 2009. The official settlement website - clossonsettlement.com - has all the forms and info.
Get $78 Bucks Back from Bank of America
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