Birmingham is getting an amphitheater in UptownBham!
Bank of America will 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.
Empowered by a broad mandate from the White House, Chopra and the bureau have focused heavily in the past year on the issue of "" — fees charged to Americans that are often seen as unnecessary or exploitative by banks, debt collectors, airlines and concert venues. Banks such as BofA, JPMorgan Chase, Wells Fargo and others have been a target for the bureau under the Biden administration.
The bank ended this practice last year, but will still have to repay customers who got charged before the policy was changed.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bank of America Fined $150 Million for Overusing Overdraft FeesBank of America was double-dipping overdraft fees, withholding credit card bonuses, and opening illegal accounts under customers' names.
Baca lebih lajut »
Bank of America ordered to pay more than $100 million for double charging fees, withholding rewardsBank of America was ordered to pay more than $100M to customers for double-dipping on fees, opening accounts without consent and more.
Baca lebih lajut »
Bank of America order to refund customers for 'double-dipping' overdraft feesBank of America will 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.
Baca lebih lajut »
Feds: Bank of America violated consumer protection rules by double charging customers - New York Amsterdam NewsFederal authorities announced on Tuesday, July 11, that Bank of America violated numerous consumer financial protection rules by double-charging customers, not distributing credit card rewards, and creating fraudulent accounts.
Baca lebih lajut »