Overdraft Fee Litigation: The Only Certainty Is That Nothing Is Certain.

The article looks at the uncertainty of the overdraft fee litigation in the U.S. in 2011 following the mortgage meltdown and financial crisis. The method employed by financial institutions to post debit transactions and the overdraft fees resulting from the deal was challenged in class action lawsuits filed since 2008. Some institutions have opted to settle such lawsuits due to the risks, costs, exposure and uncertainty of litigation. They are also expected to offer overdraft protection.