Ma v. U.S. Bank, National Ass'n

2023 IL App (1st) 221556-U
CourtAppellate Court of Illinois
DecidedSeptember 26, 2023
Docket1-22-1556
StatusUnpublished
Cited by1 cases

This text of 2023 IL App (1st) 221556-U (Ma v. U.S. Bank, National Ass'n) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ma v. U.S. Bank, National Ass'n, 2023 IL App (1st) 221556-U (Ill. Ct. App. 2023).

Opinion

2023 IL App (1st) 221556-U

SECOND DIVISION September 26, 2023

No. 1-22-1556

NOTICE: This order was filed under Supreme Court Rule 23 and is not precedent except in the limited circumstances allowed under Rule 23(e)(1). ______________________________________________________________________________

IN THE APPELLATE COURT OF ILLINOIS FIRST JUDICIAL DISTRICT ______________________________________________________________________________ BINER MA, ) Appeal from ) the Circuit Court Plaintiff-Appellant, ) of Cook County ) v. ) 2019-M1-013640 ) U.S. BANK, NATIONAL ASSOCIATION, ) Honorable ) Christ Stanley Stacey, Defendant-Appellee. ) Judge Presiding

JUSTICE McBRIDE delivered the judgment of the court. Presiding Justice Howse and Justice Ellis concurred in the judgment.

ORDER

¶1 Held: Despite bank’s violation of federal banking regulations and its deposit account agreement by holding customer’s funds for 43 days, customer was not entitled to interest she allegedly incurred on a loan she received during the period or damages for the bank’s purported intentional infliction of emotional distress.

¶2 Biner Ma, whose newly opened account at U.S. Bank, National Association (U.S. Bank)

was frozen for 43 days and then closed because her first deposit was a check that was returned

for non-sufficient funds and raised suspicion of check kiting, 1 sued U.S. Bank, alleging that she

1 “Check kiting consists of drawing checks on an account in one bank and depositing them in an account in a second bank when neither account has sufficient funds to cover the amounts drawn. Just before the checks are returned for payment to the first bank, the 1-22-1556 suffered financially and emotionally when she could not pay her essential expenses. Ma was

awarded $1003 in statutory damages, because the bank was not timely in resolving its account

hold (Count I). She did not, however, recover the $600 interest she allegedly incurred by taking a

$2400 loan for three months to cover her rent and other living expenses while the account was

frozen (Count II). The circuit court also denied Ma’s claim for damages for intentional infliction

of emotional distress (Count III). On appeal, Ma contends the circuit court misapplied the law

and U.S. Bank responds that this plaintiff’s claimed damages were neither recoverable nor

supported by the evidence she presented.

¶3 Ma’s amended complaint alleged the following. All of the events at issue occurred in

2019.

¶4 On April 30th, Ma opened a checking account in Chicago with U.S. Bank, executed a

deposit account agreement, and tendered a $1500 check deposit that she wrote on her account at

Byline Bank.

¶5 Regulation CC is a federal regulation issued by the Board of Governors of the Federal

Reserve System that implements the federal Expedited Funds Availability Act, 12 U.S.C. § 4001

et seq. (2018) (“EFFA”), and is about the “Availability of Funds and Collection of Checks,” 12

C.F.R. 229 et seq. (2018) (“Regulation CC”). Generally, Regulation CC mandates that cash and

electronically-deposited funds be available for next-day or second-day withdrawal, although

some exceptions may be made, including for deposits made to accounts open for less than 30

kiter covers them by depositing checks drawn on the account in the second bank. Due to the delay created by the collection of funds by one bank from the other, known as the ‘float’ time, an artificial balance is created.” United States v. Stone, 954 F.2d 1187, 1188 n.1 (6th Cir. 1992) (business owner alleviated short-term cash flow by kiting checks between two Ohio banks for more than a year, ultimately causing a negative balance of $466k at one bank and his felony conviction for bank fraud and two years in prison).

-2- 1-22-1556 days. See 12 C.F.R. 229.12 (2018). Regulation CC also requires financial institutions to disclose

to account holders when deposited funds will be available for withdrawal, and if the institution

extends that time, it must provide the depositor with written notice stating the reason the

exception was invoked and when the funds will become available. See 12 C.F.R. 229.13(g)

(2018).

¶6 Ma’s $1500 deposit check was returned unpaid and marked “Not Sufficient Funds.” Ma

blamed a third financial institution, Emigrant Bank, for its failure to transfer her funds to Byline

Bank as she had directed.

¶7 On May 2nd, U.S. Bank debited Ma’s account with a $19 returned check fee, which

created a negative balance for the new account, and sent her a letter stating that because it

“suspected irregular activity,” it was in the process of closing her account in accordance with the

parties’ “Deposit Account Agreement.” It appears that a closure period instead of an immediate

closure was to allow any pending transactions to settle. U.S. Bank’s notification also provided,

“If the account has a positive balance, a Cashier’s Check will be mailed to you within 15

business days once all previously deposited items have been verified.” U.S. Bank’s letter said

nothing about imposing a hold on the account. We set out the full letter as relevant below.

¶8 On May 6th, Ma deposited $20 cash to cover the returned check fee. On May 6th or 7th,

Ma made a $2300 check deposit by writing a check on her Byline Bank account. Records she

obtained from Byline Bank show that the check cleared either that day or the next. On May 6th

or May 7th, U.S. Bank also received a $600 electronic direct deposit. The parties’ deposit

account agreement stated in relevant part, “FUNDS AVAILABILITY: YOUR ABILITY TO

WITHDRAW FUNDS – ALL ACCOUNTS *** The following types of deposits will usually be

available for withdrawal immediately under normal circumstances: *** Electronic direct

-3- 1-22-1556 deposits.”

¶9 Ma went to a branch bank location on May 14th to withdraw funds. She explained to the

branch location’s assistant manager that Emigrant Bank made a mistake, Ma had no prior

negative banking history, and her $2300 Byline Bank check deposit to U.S. Bank had already

cleared. The assistant manager spoke with the branch manager and district manager.

Nevertheless, Byline Bank would not let Ma make a withdrawal that day and attributed its

decision to preventing her from defrauding the bank.

¶ 10 Ma returned to the branch on May 24th, waited for hours, and was then falsely told by the

assistant manager that her account balance had been mailed to her. She waited in vain for two

weeks for the check to arrive in the mail.

¶ 11 On June 7th, which was well past the time frame set out in U. S. Bank’s deposit account

agreement and Regulation CC, Ma called two of the bank’s phone numbers and pled with

numerous employees to release the money that she needed for rent and necessities, including

medication. She prepared a complaint to the Consumer Financial Protection Bureau (“CFPB”). It

is unclear from the record whether Ma lodged the complaint with the CFPB or only gave it to

U.S. Bank. The CFPB is a federal agency that ensures that financial institutions comply with

consumer financial laws.

¶ 12 On June 10th, a branch manager called Ma to tell her that he would “reopen” her account

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