Stoll Berne settles federal class action against US Bank

Stoll Berne filed complaints on behalf of Oregon customers who were subjected to the systematic practice implemented by the bank to re-order electronic debit transactions from the highest dollar amount to the lowest dollar amount so as to deplete the customer's available funds as quickly as possible while maximizing the amount of "Overdraft Fees" collected by the bank.  The lawsuit was resolved on a nationwide basis for $55 million.