Search results
Results from the WOW.Com Content Network
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 ...
In July 2023, the CFPB stated that Bank of America had participated in illegal activities that included double-dipping on NSF fees. In all, the CFPB ordered the bank to pay $250 million in fines ...
The agency in 2023 accused Bank of America of harming hundreds of thousands of customers by charging illegal fees, withholding credit-card cash and reward points, and enrolling them in credit-card ...
Meanwhile, Bank of America proved to be the least responsive among leading banks to fee complaints, which the CFPB also tracks. It had the highest percentage of delayed responses to complaints – 7%.
JPMorgan Chase, Wells Fargo and Bank of America reported a combined $2.2 billion in overdraft fees in 2023, ... Bank of America cut the fees to $10 from $35 in 2022.
Like many banks, Bank of America pledged at the beginning of the COVID-19 pandemic to provide needy customers with financial assistance, and to refund certain overdraft and NSF fees, according to ...
Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It's the latest move by ...
(Reuters) -Bank of America Corp agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting overdraft fees it didn't earn from customers with savings and ...