Cuneo Gilbert & Laduca, LLP Sues HSBC Bank USA, NA Challenging Its Overdraft
ALEXANDRIA, Va., Feb. 20, 2013 (GLOBE NEWSWIRE) -- The law firm of Cuneo
Gilbert & LaDuca, LLP today announced that it has initiated a class action
lawsuit against HSBC Bank USA, N.A. ("HSBC") in the United States District
Court for the Eastern District of Virginia that challenges HSBC's overdraft
policies and practices.
The suit alleges that, in the guise of "overdraft protection," HSBC not only,
without notice to the customer, charges $35 for every debit that overdraws a
customer's bank account but that it also maximized these overdraft fees by
resequencing the order in which the debits are applied, sometimes over several
days, so as to charge the $35 even if the customer had adequate funds in his
or her account at the time of the debit.In addition, the complaint alleges
that HSBC failed to give its customers the chance to opt in or out of this
"protection," or advance notice of the impending overdraft charge so that the
customer could refuse the debit or cover it with other funds.
The complaint further alleges that HSBC charged overdraft fees on ATM and
debit transactions, although its agreement with its customers states that it
will not do this.Thus, the complaint alleges, these practices, far from
"protecting" consumers, not only take unfair advantage of HSBC's customers,
but also give HSBC the right to collect these exorbitant fees and set off any
future deposits against them.
Jonathan Cuneo, an attorney in the firm stated:"We think this is a situation
that needs to be addressed, and we look forward to the expedited procedures
that the Court is so famous for."
The named plaintiff, Leah Hanes, a California resident, is a longtime HSBC
customer who was subjected to these practices.
If you have any additional information pertaining to this action, or have any
questions, please contact attorney Jonathan Cuneo, by email at
email@example.com, or by telephone at (202) 789-3960.
The Cuneo Gilbert & LaDuca, LLP logo is available at
CONTACT: Jonathan Cuneo
Cuneo Gilbert & LaDuca, LLP Logo
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