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Ballard Spahr LLP | USA | 7 Dec 2010

Client compels individual arbitration of debit card overdraft fee claims

A federal district court in Minneapolis has enforced the class action waiver in TCF National Bank's checking account arbitration provision and granted the bank's motion to compel individual arbitration of claims that the bank violated Minnesota law by charging excessive overdraft fees in debit card ATM and retail POS transactions.

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