Bank of America was ordered to pay $100 million directly to consumers impacted by the bank's alleged illegal practices. Here's how to find out if you're owed money
BofA must reimburse customers more than $100 million and pay $150 million in fines for "double-dipping" on overdraft fees, withholding reward bonuses and opening accounts without customer consent.by U.S. federal regulators for allegedly harming customers by double-dipping on fees, withholding credit card rewards and opening fake accounts.
Bank of America's alleged wrongdoing dates back to at least 2012, according to the CFPB. That means customers could have had an unauthorized account open for over a decade. That's why he recommends calling Bank of America's customer service line directly and asking if you were a victim. The CFPB also told CNN that later this month Bank of America will identify a point of contact for these inquiries that will be posted on the CFPB site.
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