Bank of America paying US$772 mil. in fines over selling credit card extras
April 11, 2014, 12:02 am TWN
WASHINGTON--Bank of America Corp. is paying US$772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.
The Consumer Financial Protection Bureau and the U.S. Office of the Comptroller of the Currency announced the agreement Wednesday with the second-largest U.S. bank.