California court rules for BofA - Business First of Buffalo:

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The class-action case centered on BofA’s collecting checjk overdraft and other fees by taking monegfrom direct-deposit accounts set up to receive Social Security benefits. In 2004, a jury found BofA’s action violated California banking laws that prohibit banks from taking Social Security benefits to recovercustomer debts. But in 2006, the 1st Districy Court of Appeal in San Francisclo ruledBofA (NYSE:BAC) didn’f breach state banking laws. The appeals courr said the lawsuit misapplied a 1974 California Supreme Court decision that prohibits banks from usinhg public funds deposited into an account to pay thebank customer’se separate credit-card account.
Monday’sz unanimous ruling upheld that decision. Charlotte-basedx BofA told the news agency it was pleased with the which it saidrejected “a challenge to account-balancing practices followeds by every bank in California and across the