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Class Action Against Wells Fargo Reinstated

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From Bloomberg News

A California appeals court reinstated a class-action lawsuit brought against Wells Fargo & Co. by customers who argued that the San Francisco-based bank didn’t adequately disclose overdraft fees for check cards.

The appeals court in San Diego overruled a trial court that had dismissed the lawsuit after siding with Wells Fargo’s argument that the claims were preempted by federal banking laws.

Preemption doesn’t apply in this case because the state claims are based on alleged violations of federal rules, the appeals court said.

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