Bank, Payment Processing Subsidiary Settle RICO Class Suit For $37.5M

(November 28, 2016, 12:21 PM EST) -- PHILADELPHIA — A Pennsylvania federal magistrate judge on Nov. 21 granted final approval of a $37.5 million settlement to be paid by Zions National Bank and its former payment processing subsidiary to end a class complaint accusing the companies of knowingly processing payments for fraudulent telemarketers (Reynaldo Reyes, et al. v. Zions First National Bank, et al., No. 10-345, E.D. Pa.)....

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