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 ...

Bank of America has been ordered to pay $250 million in fines and customer compensation for deceptive practices that harmed "hundreds of thousands of consumers," according to the Consumer ...

The Consumer Financial Protection Bureau ordered Bank of America to pay over $250 million over allegations it opened fake accounts, withheld credit card rewards and illegally charged junk fees in ...

The company didn't address the CFPB's allegations that it opened fake credit card accounts and wrongly denied them reward points. "Bank of America is a repeat offender," Mike Litt, consumer ...

Bank of America noted in an email to CNN that those fees were eliminated last year. “We voluntarily reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of 2022.

Bank of America, 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 ...

NPR's Michele Martin talks to Rohit Chopra, director of the Consumer Financial Protection Bureau, about penalties imposed on Bank of America for ... and even opening fake accounts.

NEW YORK - 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 ...

Half of Americans are losing sleep over the safety of their money in banks. *** Gallup poll found that 48% of us adults are growing more anxious about their money in banks following the impact ...