Banking: BoA fined for consumer accounts practices

Bank of America is the latest target of the Consumer Financial Protection Bureau’s (CFPB) and The Office of the Comptroller of the Currency’s (OCC) enforcement actions regarding banking practices involving consumer accounts. Bank of America was ordered to pay $100 million to customers, $90 million in penalties to the CFPB. It must also pay $60 […]

Written by on August 15, 2023