Bank Of America Fined For DESTRUCTIVE Exploitation Of Customers
July 12, 2023
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9:45Now PlayingBank Of America Fined For DESTRUCTIVE Exploitation Of Customers
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as posted by the channelThe Consumer Financial Protection Bureau said Bank of America withheld credit card rewards, doubledipped on fees and opened fake accounts. Cenk Uygur and Ana Kasparian discuss on The Young Turks.
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"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 of various consumer financial protection laws.
As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay more than $100 million to customers and $90 million in penalties. The Office of the Comptroller of the Currency also ordered Bank of America (BAC) to pay $60 million in fines."
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