The settlement, revealed in a court document late Friday night, would mark another big victory for a long-running consolidated suit that’s going on in Miami federal court.
Bank of America agreed early last year that it would pay a much larger $410 million payment to settle the suit. Wells Fargo, in a separate case, had been ordered to pay some $200 million.
The Miami suit was based on the allegation that banks overcharged customers who, when using debit-cards, spent more than was in their bank account. The banks would charge those customers a $35 fee for each purchase, leading to the $38 cup of coffee that symbolized the issue.
