Wells Fargo Wins Debit Fee Ruling Appeal

By  |  December 27, 2012
 | 

A federal appeals court has overturned a district court ruling that banned Wells Fargo from charing Californians overdraft fees, according to the L.A. Times.

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    The original ruling was based on Wells Fargo’s practice of posting the most expensive debit card transactions first, and forced the bank to pay $203 million in restitution to customers. The case will now return to district court, as the federal appeals court upheld a ruling that Wels Fargo misled customers about its posting practices.

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