Deceptive Practices Get Small Fines

Deceptive Practices Get Small Fines

Deceptive practices by Bank of America against hundreds of thousands of customers have resulted in over $250 million in penalties. On Tuesday, the Consumer Financial Protection Bureau (CFPB) issued a statement about their findings against the second-largest bank in...
Bank of America Reduces Overdraft Fees

Bank of America Reduces Overdraft Fees

Bank of America is planning to eliminate bounced check fees, among other fee reductions. Non-sufficient funds (NSF) fees are almost universal among banks and credit unions. They’re the fee a bank charges when a customer overdraws their account by check....