MASSIVE $155.8M Settlement! Is Your Bank Charging You Illegal Fees?
Truist Bank (formerly SunTrust Bank) has just reached a whopping $155.8 Million settlement to resolve allegations of illegal overdraft fees.
What happened?
The bank was accused of violating Georgia's usury laws by imposing illegal fees on customers for overdrafts of $500 or less between 2006 and 2014.
The Key Takeaways:
📍 This concludes a long-standing class-action lawsuit.
📍 Eligible customers in Georgia will finally receive payments for these unfair charges.
📍 It highlights why Financial Transparency is so crucial in today's economy.
Why this matters for Crypto users? 🪙
This is exactly why many people are moving towards Decentralized Finance (DeFi) and Blockchain. In the crypto world, "Code is Law." There are no hidden "overdraft fees" or middle-men manipulating your balance. You are your own bank! 🔐
