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Tag Archives: bank fees

Bank of America Opened Fake Accounts To Charge Customers Illegal Junk Fees

BoA defrauded its customers for over a decade by opening fake accounts without consent to boost profits from junk fees. The Consumer Financial Protection Board (CFPB) recently ordered Bank of America (BoA) to pay $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses…