Bank of America Fined $150 Million Over ‘Junk Fees’ and Fake Accounts
Bank of America Fined $150 Million Over ‘Junk Fees’ and Fake Accounts
www.nytimes.com Bank of America Fined $150 Million Over ‘Junk Fees’ and Fake Accounts
The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.
The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.
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How much did they make from this scheme? I’d bet $150 million isn’t even a rounding error on their quarterlies.