BofA Reaches $772M Pact With Feds for Card Add-ons
By Marlisse Silver Sweeney, Corporate Counsel, April 21, 2014
This post has been viewed 2,678 times.
This post has been viewed 2,678 times.
It’s a big bill for Bank of America. Last week, the Consumer Financial Protection Bureau announced it came to a $772 million deal with the bank to settle allegations it deceptively marketed products and illegally billed customers, according to Michael Lacy and Scott Kelly of Troutman Sanders. They report the bank is set to refund $727 million to its customers and pay fines totaling $45 million to the CFPB and the Comptroller of the Currency.
Read original articleTags: Bank of America, BofA Reaches, Michael Lacy, Scott Kelly, Troutman Sanders
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