14
Sep
Legal disputes involving financial institutions often garner public attention, given their far-reaching implications for consumers. One such case is the Morris v. Bank of America settlement. This article aims to provide an in-depth look at the settlement, what led to it, and its impact on both Bank of America and its customers. Background of the Case The Morris v. Bank of America case originated from allegations that Bank of America had engaged in deceptive practices concerning its overdraft policies. Plaintiffs, led by Morris, accused the bank of reordering transactions in a manner that maximized the number of overdraft fees charged…