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PNC's $102M Overdraft Fee Deals Not Covered, 3rd Circ. Says

By Steven Trader ( May 2, 2016, 7:06 PM EDT) -- The entire $102 million paid by PNC Financial Services Group Inc. to settle two overdraft fee class actions, including $30 million in attorneys' fees, constitutes a professional service fee reimbursement that's excluded under its excess insurer's policy, the Third Circuit ruled on Monday, partially affirming a lower court's decision....

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