Tag Archives: settlement

US Bank settles overdraft lawsuit for $55M

US Bank, the newest member of Knoxville’s banking community, has agreed to pay $55 million to settle a lawsuit alleging the bank manipulated overdraft fees it charged its customers.

The Minneapolis-based lender entered the Knoxville market about five months ago when it acquired the assets of BankEast after it was shut down by government regulators.

US Bank is one of the largest commercial banks in the country.

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