California court rules for BofA - Puget Sound Business Journal (Seattle):

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The class-action case centered on BofA’s collecting check overdraff and other fees by taking moneyfrom direct-deposit accounts set up to receive Social Securityu benefits. In 2004, a jury found BofA’s actions violates California banking laws that prohibit banks from taking Sociakl Security benefits to recovecustomer debts. But in 2006, the 1st Districft Court of Appeal in San Franciscoo ruledBofA (NYSE:BAC) didn’tr breach state banking laws. The appeales court said the lawsuit misapplied a 1974 California Suprem e Court decision that prohibits banks from using publifc funds deposited into an account to pay thebank customer’w separate credit-card account.
Monday’s unanimous rulintg upheld that decision. Charlotte-based BofA told the news agenc y it was pleased with the which it saidrejected “a challenge to account-balancing practices followed by every bank in California and acrossw the nation.”