PNC Bank Will Pay $90 Million to Resolve Overdraft Lawsuit
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PNC Bank, a unit of PNC Financial Services Group Inc., will pay $90 million to settle a lawsuit accusing it of improperly manipulating customers’ debit card transactions to generate excess overdraft fees, lawyers said.
The lawsuit, part of litigation involving more than 30 banks, is pending before U.S. District Judge James Lawrence King in Miami, lawyers for the plaintiffs said in an e-mailed statement today.