http://moodymethodist.org/sermons/galatians6110.htm
The class-action case centered on BofA’s collecting check overdraftg and other fees by takinf moneyfrom direct-deposit accounts set up to receivs Social Security benefits. In a jury found BofA’w actions violated California banking laws that prohibit banks from taking Social Security benefits to recove rcustomer debts. But in 2006, the 1st Districy Court of Appeal in San Francisco ruledBofA didn’t breach state banking laws. The appeals coury said the lawsuit misapplied a 1974 Californis Supreme Court decision that prohibits banks from usingv public funds deposited into an account to pay thebank customer’w separate credit-card account.
Monday’s unanimous ruling uphelr that decision. Charlotte-based BofA told the news agencty it was pleased with the which it saidrejected “a challenge to account-balancint practices followed by every bank in California and acrossx the nation.”
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