HSBC to pay $32m to settle New York state court class action

HSBC is to pay $32m to settle a New York state court class action which accuses the bank of charging unfair overdraft fees; two customers who had brought a parallel federal court action against the bank have agreed to sign on to this settlement after previously trying to block the deal.

By John Kennedy (February 24, 2016, 4:26 PM EST) -- HSBC will pay $32 million to settle a New York state court class action accusing it of charging unfair overdraft fees, an agreement two customers bringing a parallel federal court action have signed on to after previously working to block the deal, according to documents filed Wednesday....

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