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Last updated on Wednesday, August 30, 2017
(UNDATED) - Several pro-consumer advocacy groups led by the Center for Responsible Lending filed a friend-of-the-court brief that asks a federal appeals court to find unlawful a bank’s practice of charging overdraft penalties when consumers have enough funds in their debit credit card accounts to cover a transaction at the time it is made.
CRL, joined by the National Consumer Law Center, said a $35 penalty charged by Capital One Financial Corp. is based on a misleading interpretation of "available balance."
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