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BofA ordered to pay $250 million over assorted consumer abuses.

Authors :
Berry, Kate
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