Financial institution of America to pay $250 million for doubling up on charges and opening accounts with out buyer approval, CFPB says
Enterprise “Financial institution of America wrongfully withheld bank card rewards, double-dipped on charges, and opened accounts with out consent,” mentioned CFPB Director Rohit Chopra, in an announcement. A buyer makes use of an ATM at a Financial institution of America location in San Francisco, Monday, April 24, 2023. AP Photograph/Jeff Chiu, File By Related Press … [Read more…]