Bank of America to pay more than $100 million for doubling fees and opening accounts without customer consent
Bank of America must pay more than $100 million to customers for doubling some fees, withholding bonus rewards, and opening accounts without customer consent.Bank of America will pay $90 million in penalties to his organization and $60 million in penalties to the OCC, the Consumer Financial Protection Bureau said Tuesday.The Office of the Comptroller of the Currency found the double dipping of bank rates to be illegal.A Bank of America branch in New York on April 10, 2020.Mark Kauzlarich/Bloomberg via Getty Images fileBank of America, headquartered in Charlotte, North Carolina, serves 68 million people and small business customers. The bank…
