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BofA ordered to pay $250 million over assorted consumer abuses.
- Source :
- American Banker; 7/12/2023, pN.PAG-N.PAG, 1p
- Publication Year :
- 2023
-
Abstract
- The Consumer Financial Protection Bureau ordered Bank of America to repay $100 million to customers who were charged multiple penalty fees when their accounts did not have enough money to cover payments, as well as those who did not receive the credit card rewards they were promised. The bank was also fined for opening a small number of accounts without customers' authorization. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00027561
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 164876724