Wells Fargo wants court to toss overdraft lawsuits and let it use arbitration

A group of Wells Fargo & Co. customers who say they were victims of unfair overdraft practices want their claims heard in court, but the bank wants the disputes handled through arbitration.

Class-action lawsuits filed around the country have accused Wells Fargo of changing the order of debit card transactions — from highest dollar amount to lowest dollar amount — to unfairly increase the number of transactions eligible for overdraft penalties.

http://www.latimes.com/business/la-fi-wells-fargo-20170824-story.html

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