Community banks are being sued more frequently in overdraft fee lawsuits. Many of these actions are putative class action lawsuits that can be costly for banks to defend and complicated to settle. At the center of these lawsuits are claims that banks’ account agreements are confusing, unfair, or deceptive. These claims often focus on banks’ “authorize positive, settle negative” (APSN) overdraft practices. Plaintiffs also commonly claim that banks charge nonsufficient funds fees and multiple re-presentment fees on a single item without customers’ agreement and charge multiple foreign ATM transaction fees. Continue reading >