What is the Midland States Bank class action lawsuit?
The Midland States Bank class action lawsuit involved legal disputes regarding allegedly unfair overdraft and non-sufficient funds fees assessed on consumer checking accounts. To resolve the litigation without admitting wrongdoing, Midland States Bank agreed to a multi-million-dollar financial settlement compensating affected account holders who were improperly charged fees on debit card transactions despite having sufficient available balances, or who suffered multiple duplicate charges for single payment items across specific historical windows.
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