A partner and class-action litigator at Kalliel, PLLC, Jeffrey Douglas Kaliel is an expert in consumer class actions and has recovered hundreds of millions of dollars for clients. Jeffrey Douglas Kaliel played a substantial role in litigation in the case of Farrell v. Bank of America.
The case arose when Bank of America customers found that the bank was assessing extended overdrawn balance charges on their accounts. Normally, banks assess a fee when an account becomes overdrawn. However, Bank of America was assessing additional fees if the overdraft remained in effect for five days.
This violates the National Bank Act’s usury limit. Bank of America was charging its customers in exchange for providing no service whatsoever, essentially charging people for allegedly being indebted to the bank.
Qualifying for the class action were close to six million consumers, including Bank of America checking account holders who were assessed overdraft fees between the dates of February 25, 2014, and December 30, 2017. Bank of America ultimately admitted no liability but agreed to settle the case for $66.6 million.
Jeffrey Douglas Kaliel 