Millions of Consumers Harmed by Bank’s Deceptive Marketing and Unfair Credit Card Billing Practices
WASHINGTON, D.C.—(ENEWSPF)—April 9, 2014. The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America, N.A. and FIA Card Services, N.A. to provide an estimated $727 million in relief to consumers harmed by practices related to credit card add-on products. Roughly 1.4 million consumers were affected by Bank of America’s deceptive marketing of their add-on products. Bank of America also illegally…
