Bank of America reaches $75 mln settlement over excessive fees

Bank of America Corp (BAC.N) agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, court papers showed.
Read more: https://www.reuters.com/business/bank-america-reaches-75-mln-settlement-over-excessive-fees-2021-05-14/?source=Snapzu