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9th Circuit dismisses ATM fee suit

Court says plaintiffs had no standing to sue

The 9th Circuit tossed out a lawsuit that claimed several banks illegally conspired to fix the fees that they charge non-bank customers for ATM withdrawals.

According to the suit, the banks colluded to set the fees they charge one another, not bank customers, for foreign ATM transactions. The court, which ruled on the case yesterday, said the customers who filed the complaint don’t directly pay the fees at issue, therefore, they have no standing to sue.  

Plaintiffs claim that banks artificially inflated the rates they charged one another, then passed those additional expenses on to the customers. But a three-judge panel unanimously upheld a lower court’s ruling in the case when it dismissed the suit yesterday. Bank of America, Wells Fargo and several other banks were defendants in the case.

Read more of InsideCounsel recent news stories about banks:

U.S. Bancorp settles overdraft fee suits

Fannie Mae names GC as its new CEO

TD Bank settles overdraft fee litigation for $62 million

BofA’s CEO must submit to deposition

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Cathleen Flahardy

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