Ameriprise Benefits Most From Cash Sweeps, Customer Says https://www.law360.com/banking/articles/1872475?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_main=1&nlsidx=0&nlaidx=8 By Sydney Price Ameriprise was hit with a proposed class action in Minnesota federal court by a customer over its cash sweep program that allegedly yields low interest for customers and high fees for the bank, adding to a growing list of customer and regulatory scrutiny financial institutions are facing over the account type. Complaint attached | Read full article » https://www.law360.com/banking/articles/1872475?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_more=1&nlsidx=0&nlaidx=8 | Save to favorites » https://www.law360.com/banking/articles/1872475?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_later=1&nlsidx=0&nlaidx=8