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U.S. Appeals Court overturns order requiring Wells Fargo to pay back debit card customers

Original post made on Jan 4, 2013

A federal appeals court in San Francisco Wednesday overturned a lower court order requiring Wells Fargo Bank to pay its California debit card customers $203 million restitution for allegedly excessive overdraft fees.

Read the full story here Web Link posted Thursday, December 27, 2012, 7:59 AM

Comments (4)

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Posted by Tula
a resident of Another Pleasanton neighborhood
on Jan 4, 2013 at 9:50 am

What this should teach us all is to actually READ the disclosures of the bank and choose the bank we use VERY carefully.
Maybe prompting general public to look into their banks charges. Take up one of the many credit cards that offer low interest rates and just pay it off each month. Start clearing out your debt, one card at a time and stop paying banks for nothing.

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Posted by Happened to us
a resident of Another Pleasanton neighborhood
on Jan 4, 2013 at 12:29 pm

This is one of the many reasons why we left Wells Fargo in 2001. It is always a good idea to match your recipes with your statement. Now we don't even use debit cards, we take the cash out.

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Posted by No debit
a resident of Another Pleasanton neighborhood
on Jan 6, 2013 at 1:16 am

I won't let them give me a debit card. Hacking is just too risky.

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Posted by consumer without debt
a resident of Another Pleasanton neighborhood
on Jan 6, 2013 at 9:09 am

Wells Fargo is sleazy for this and other practices. However, one fact is clear. If people did not spend money that they do not have they would not be able to overdraw their accounts. Simple. Get a grip on your finances people.
These are the same people who will run up thousands of dollars in charges and walk away from them. They will also take out a loan that they can never afford and walk away from the house, debt and tax free. Who do you think pays for these deadbeats? Right, any of us who actually pay our debts and pay our taxes. No good deed goes unpunished.

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