Bank of America with a $250 million penalty for opening credit-card accounts in customers’ names without their consent and double-charging fees.Continue reading your article with.
Bank of America with a $250 million penalty for opening credit-card accounts in customers’ names without their consent and double-charging fees.Continue reading your article with
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BofA hit with $250 million in fines, penalties, refunds for 'double-dipping' fees, fake accountsBank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.
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BofA hit with $250 million in fines and customer refunds for 'double-dipping' fees, fake accounts“Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” said CFPB Director Rohit Chopra, in a statement. “These practices are illegal and undermine customer trust.'
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