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Bank of America to pay over $250 mln over junk fees, other issues

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reuters.com/business/finance/us-regulators-fine-bank-america-over-junk-fees-cfpb-2023-07-11

Bank of America (BAC.N) on Tuesday agreed to pay $250 million in fines and compensation to settle claims the bank systematically double-charged customers fees, withheld promised credit card perks, and opened accounts without customer authorization.
Bank of America agreed to pay $100 million in restitution to harmed consumers and another $150 million in civil penalties after…

This story from reuters.com was posted on 2023-07-11 by @earthed.

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