NJ man sues PNC Bank citing ‘abusive’ overdraft fee policy
By APFriday, October 9, 2009
PNC Bank sued over overdraft fee policy
TRENTON, N.J. — A New Jersey man is suing PNC Bank, accusing it of violating the state’s consumer fraud act by using abusive overdraft policies.
The suit, filed Thursday in U.S. District Court, claims PNC unfairly manipulates the order in which it subtracts charges from customers’ accounts in order to maximize overdraft fees.
The lawsuit alleges that instead of posting transactions chronologically as they occur, PNC deducts them in a highest to lowest dollar amount in order to trigger overdraft fees.
PNC bank spokesman Fred Solomon says the bank doesn’t discuss pending litigation.
The suit seeks to end PNC’s overdraft fee practices and seeks to recover any “improper fees” paid by New Jersey residents over the past six years.
It was filed on behalf of Virgilio S. Casayuran Jr. of Jersey City.
Tags: fraud, Litigation, New Jersey, North America, sued, Suing, Trenton, United States
|
December 10, 2009: 10:54 am
Where can we sign up in the lawsuit against PNC. We are being charged overdraft fees of $220 for $5 dolloars worth of debit card purchases. |
|
October 16, 2009: 7:04 am
How can I get more information about the pnc bank lawsuit My wife and I have been in a nightmare with pnc over the same issue for 2yrs |
Vanshe