FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Bank of America to pay $772M in latest CFPB credit card action
|
Banking, Consumer Protection
Friday, April 11, 2014
|
|
The Consumer Financial Protection Bureau ordered Bank of America to pay an estimated $727 million in relief to consumers the agency said were harmed by practices related to credit card add-on products. The bank also agreed to pay $45 million in civil penalties to settle the action. The CFPB said the bank engaged in deceptive marketing and illegal billing practices. This is the fifth bureau action pertaining to alleged illegal practices in the credit card add-on market.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories