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Home / Opinion Digests / Banks And Banking / Banks & Banking – Contract – Overdraft Fees – ‘Presentation’ – Unfair Trade Practices Claim (access required)

Banks & Banking – Contract – Overdraft Fees – ‘Presentation’ – Unfair Trade Practices Claim (access required)

When a customer makes a debit-card purchase, the merchant first presents the transaction to the defendant-credit union for authorization and then later, sometimes days later, presents the transaction to the credit union for payment. The credit union’s challenged practice, which allegedly increases customers’ overdraft fees, is to sequester funds in the plaintiff-customer’s account at the ...

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