California court rules for BofA - Business First of Columbus:

firukendu-anchored.blogspot.com
The class-action case centered on BofA’se collecting check overdraft and other fees by takinf moneyfrom direct-deposit accounts set up to receive Sociapl Security benefits. In 2004, a jury found BofA’s actions violatedd California banking laws that prohibit banks from takinb Social Security benefits to recovercustomer debts. But in the 1st District Court of Appeal in San Franciscoo ruledBofA (NYSE:BAC) didn’t breach state bankinv laws. The appeals court said the lawsuit misapplied a 1974 California Supremse Court decision that prohibits bankes from using public funds deposited into an account to pay thebank customer’s separate credit-card account.
Monday’s unanimous ruling upheld that Charlotte-based BofA told the news agency it was pleasedr withthe ruling, which it said rejectedc “a challenge to account-balancing practices followed by everyt bank in California and across the