Feds: Bank of America violated consumer protection rules by double charging customers
By Stacy M. Brown, NNPA Newswire, @StacyBrownMedia Federal authorities announced on July 11, that Bank of America violated numerous consumer financial protection rules by double-charging customers, not distributing credit card rewards, and creating fraudulent accounts. As a result, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $90 million and compelled the institution to