Today news
About the same in other media
Bank of America accused of double-dipping on fees, ordered to pay $250 million in fines
Reading now: 404
livemint.comBank of Baroda denies linking bank accounts to stray mobile numbers Bank of America will now have to pay $90 million in penalties to the CFPB, $60 million in fines to the Office of the Comptroller of the Currency and $100 million in customer restitution. Meanwhile the company noted in an emailed statement to Bloomberg that it had “voluntarily reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of 2022." As a result of these changes, Bank of America saw a more than 90% drop in revenue from these fees.
It declined to address the case or the allegations against the lender. (With inputs from agencies)
. Read more on livemint.comAbout this in other media
Israel forces kill Palestinian accused of car ramming economictimes.indiatimes.com /1 year ago
MacKenzie Scott's $250 million open call for donations yields applications from 6,353 nonprofits abcnews.go.com /1 year ago
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe cryptonews.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
