September 27, 2017 / 8:55 PM / 10 months ago

KeyBank customers must arbitrate overdraft dispute - 11th Circuit

By Dena Aubin Ohio-based KeyBank can force a lawsuit accusing it of charging unfair overdraft fees into arbitration, a federal appeals court ruled, blocking customers from suing the bank in court as a class.

In a unanimous decision on Tuesday, a three-judge panel of the 11th U.S. Circuit Court of Appeals reversed a 2015 ruling from U.S. District Judge James King in Miami that held an arbitration agreement KeyBank had with its customers was unconscionable, or one-sided, and could not be enforced.

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