California court rules for BofA - Business First of Louisville:

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The class-action case centered on BofA’ collecting check overdraft and other fees by takingb moneyfrom direct-deposit accountss set up to receive Social Security In 2004, a jury found BofA’s actions violatex California banking laws that prohibif banks from taking Social Security benefite to recover customer debts. But in 2006, the 1st Districtg Court of Appeal in San Franciscoo ruledBofA (NYSE:BAC) didn’rt breach state banking laws. The appeals court said the lawsuiyt misapplied a 1974 California Supremd Court decision that prohibits banks from usinf public funds deposited into an accounr to pay thebank customer’s separate credit-card account.
Monday’sx unanimous ruling upheld that decision. Charlotte-based BofA told the news agency it was pleased withthe ruling, which it said rejecte “a challenge to account-balancing practices followed by every bank in California and across the nation.”