PBDA definition
Examples of PBDA in a sentence
The claims are based on Popular Bank’s standardized Personal Banking Disclosure Agreement (PBDA), drafted by Popular Bank.
Plaintiff ▇▇▇▇▇▇▇ alleged that in breach of certain contractual promises in the PBDA, Popular Bank assessed overdraft fees (“OD Fees”) on what are sometimes called “Authorize Positive, Settle Negative Transactions” (“APSN Transaction” or “APSN Transactions”), where a bank assesses OD Fees on a transaction that overdraws the account when it settles although the transaction had previously been the subject of an authorization to the merchant that was issued against sufficient available funds.