**** Update: If you received information about this $70 million settlement, please visit the settlement website for additional information. Although our firm currently has a case pending against TD Bank, we had no involvement in the case that just recently settled. ****
TD Bank agreed to settle a group of consolidated class action lawsuits that alleged the bank improperly charged overdraft fees on customer accounts that did have sufficient funds to pay the transactions. The $70 million settlement was submitted for approval to the U.S. District Court for the District of South Carolina where the cases are consolidated.
This lawsuit is similar to others that Cohen & Malad, LLP attorneys are pursuing against other banks and credit unions. If you or someone you know has been charged overdraft fees that you believe were improperly charged, contact us. Our attorneys would like to gather additional information about your transaction and can advise you of your legal rights and options.