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Federal regulators are accusing Bank of America ... revenue from these fees has dropped more than 90%," he said. The company didn't address the CFPB's allegations that it opened fake credit ...
Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations ...
The CFPB found the bank allowed fees to be repeatedly charged for the same transaction, allowing the bank to generate “substantial additional revenue.” Need a break? Play the USA TODAY Daily ...
the nation's second largest bank, has been ordered to pay more than $100 million to customers for double charging insufficient fund fees, withholding reward bonuses and opening accounts without ...
Bank of America 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 ...
"The CFPB has caught Fifth Third Bank illegally loading up auto loan bills with excessive charges, with almost 1,000 ... based bank also illegally opened fake bank accounts for thousands of ...
"Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent," CFPB Director Rohit Chopra said in a statement. "These practices are illegal ...