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"<p>WASHINGTON \u2013 Wells Fargo\nBank has continued to refund overdraft fees to customers following its loss\nin a class-action lawsuit.</p>\n\n\n\n<p>Reports\nindicate that the bank started issuing paper checks to those involved in the\nlawsuit last month.</p>\n\n\n\n<p>\u201CAs a\nresult of the Gutierrez v. Wells Fargo lawsuit, we are currently refunding\noverdraft fees to California customers included in the class as required by the\ncourt\u2019s ruling, which covers a time period from 2004-2008. Those customers\nwhose accounts remain open began to receive deposits to their accounts earlier\nthis year, and those whose accounts have closed will receive checks at the\nmailing address on file,\u201D Wells Fargo spokesperson Kris Dahl wrote in an emailed\nstatement.</p>\n\n\n\n<p>The bank\nreported a $5.6 billion quarterly net income last month and Dahl said the\nestimated $203 million it will cost them to pay back the overdraft charges\nwould not affect its financial position.</p>\n\n\n\n<p>\u201CIt\nis worth noting that the communications and practices challenged in this\nlitigation ended some years ago, so the ruling in this case has no impact on\nthe bank\u2019s current operations.<span class=\"apple-converted-space\">\u201D</span></p>\n\n\n\n<p>The class-action lawsuit was originally filed in November 2007, media reports indicate.\nPlaintiff Veronica Gutierrez accused the bank of violating state law in the way\nit handled debit card transactions. </p>\n\n\n\n<p>The\nsettlement covers a time period from 2004 to 2008, Dahl said.</p>\n\n\n\n<p>Since the\ncourt case, Dahl said the bank had modified its debit card posting practices. </p>\n\n\n\n<p>\u201CSpecifically,\ndebit card transactions are now posted based on the date and time the customer\ninitiates the transaction. If more than one transaction has the same date and\ntime, the bank will look at the dollar size of the transaction and post them\nfrom lowest-to-highest amount.\u201D</p>\n\n\n\n<p>Dahl said\nthat customers who have questions should contact the court-appointed class\nadministrator at 877-651-4199.</p>\n\n\n\n<p>The U.S.\nSupreme Court denied the bank\u2019s appeal in April. </p>"^^<http://www.w3.org/2001/XMLSchema#string>
<http://norcalrecord.com/stories/510989173-wells-fargo-continues-payouts-following-overdraft-fees-court-decision>