CFPB takes action against Bank of America for illegally charging junk fees, withholding credit card rewards, and opening fake accounts
WASHINGTON, D.C. (July 11, 2023) — Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised ...