Overdraft Fee Investigation

Improper Multiple Overdraft Fees

Summary of Investigation: Welcome to the webpage maintained by Shepherd, Finkelman, Miller & Shah, LLP (“SFMS”), for its investigation of overdraft fees.  
 
SFMS is investigating whether certain banks have been illegally charging consumers overdraft fees in connection with their bank accounts. Upon information and belief, certain banks throughout the country have been manipulating the order in which the bank posts a transaction to a customer’s account. Banks have been posting the largest transaction first, followed by the smaller transactions. This is significant because, processing in this manner often results in an overdrawn account and multiple overdraft charges for the consumer. Class actions have been filed in a number of states alleging that this method of processing checks is an unfair and deceptive trade practice. We are investigating these claims.  
 
For a list of banks in California that we are investigating, please click here. 
 
For a list of banks in Connecticut that we are investigating, please click here. 
 
For a list of banks in Florida that we are investigating, please click here. 
 
For a list of banks in New Jersey that we are investigating, please click here. 
 
For a list of banks in Pennsylvania that we are investigating, please click here. 
 
For a list of banks in Wisconsin that we are investigating, please click here. 
 
 
 
If your bank has charged you multiple overdraft fees and you would like to obtain more information about our investigation, please fill out the form below.

Contact Us: If you would like to receive additional information or provide us with information concerning this investigation, please click here.

Status: Under Investigation

Send Us Information: If you have information about this action that you would like to provide us, please click here.

This page was last updated: 2012-01-12 11:33:41