Truist Will Pay $6.3M To End BB&T High-Yield Rate Cut Suit

[Gunnar Larson]

Truist Will Pay $6.3M To End BB&T High-Yield Rate Cut Suit
<https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-08&read_main=1&nlsidx=0&nlaidx=1>

By Katryna Perera

Truist Financial Corp. has reached a $6.3 million settlement to resolve
claims that it wrongfully lowered the interest rate on high-yield money
market accounts that customers opened three decades ago.

 Motion attached | Read full article »
<https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-08&read_more=1&nlsidx=0&nlaidx=1>
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<https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-08&read_later=1&nlsidx=0&nlaidx=1>
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