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News@lemmy.world · 1 year ago

Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees

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Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees

MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
[email protected]

The announcement is the latest sign that some of the practices exposed by the Wells Fargo fake accounts scandal in 2016 weren't confined to that bank.

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1 year ago
According to the article, that’s what happened. They paid back the $103 million of fraudulent overdrafts and a $150 million fine on top of that as punishment.

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