After charging hidden fees and opening fake bank accounts, Bank of America will pay up to $100 million to its clients
The action was taken in response to findings that the bank had broken customer-centric policies by the Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC). As of March 31, 2023, Bank of America had 68 million clients and, based on its reported resources at the time, was the second-largest … Read more