Next Steps for Victims of Bank of America’s Deceptive Schemes
America’s second-largest bank is no stranger to getting caught harming consumers.
Since 2014, Bank of America has paid more than $1 billion in fines and penalties for various forms of malfeasance.
Most recently, the company was ordered to pay $250 million for schemes that included “double-dipping” on overdraft fees and opening credit accounts without customer authorization.
$100 million of that penalty will be refunds to harmed consumers:
What's Next for Defrauded Bank of America Customers? | Advocate Andy | NewsBreak Original
100 million is headed to customers who were victims of banking giant's illegal practices. The Consumer Financial…
In other consumer finance news, a rent-to-own financing company is being sued for breaking the law by using deceptive marketing tactics and by making illegal threats in the debt collection process.
Here’s more on the consumer protection lawsuit against Snap Finance:
Snap Finance Sued for Deceiving, Bullying Consumers | Advocate Andy | NewsBreak Original
Lease-purchase financing company allegedly used deceptive tactics and made illegal threats to borrowers. The Consumer…
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