Bank of America

In an awful scandal, Bank of America is currently freezing accounts

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As per user reports and the bank’s most recent incident, Bank of America has started freezing client accounts. A father was left homeless and concerned about providing for his family when his Bank of America account unexpectedly closed overnight, according to The Sun. “They terminated my account with no prior notification or explanation… The startled … Read more

After charging hidden fees and opening fake bank accounts, Bank of America will pay up to $100 million to its clients

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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