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Feds hit Bank of America with $250M in fines, restitution for fake accounts, junk fees
Charlotte Observer via Yahoo News· 10 months agoCharlotte-based Bank of America is paying over $100 million to compensate customers, and another...
10 Best Banks With No Overdraft Fees for August 2022
GoBankingRates via AOL· 2 years agoMany banks offer free checking accounts, but some charge monthly and overdraft fees. Here’s a list of some free checking accounts: no monthly fees, no...
Senate Democrats call on top banks to waive overdraft fees in wake of failures
The Hill via Yahoo News· 1 year agoDemocrat Sens. Cory Booker (N.J.) and Raphael Warnock (Ga.) sent letters to 10 large banks and...
Bank of America accused of opening fake accounts and charging illegal junk fees
CNN Business via Yahoo Finance· 10 months agoFederal regulators said Tuesday they found that Bank of America harmed customers by double-dipping...
CFPB proposal would cut overdraft fees as low as $3
Banking Dive via Yahoo Finance· 4 months agoOverdraft fees would be reclassified as extensions of credit, forcing banks to disclose an APR. Banks would also choose whether to charge customers a...
Overdraft fees could drop to as low as $3 under new Biden proposal
Associated Press via Yahoo News· 4 months agoThe cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the...
Bank of America withheld credit card rewards, double-dipped on fees, regulators say
Detroit Free Press via Yahoo Finance· 10 months agoGetting the right amount of rewards for signing up for a credit card shouldn't be hard. And frankly,...
Biden proposal would slash bank overdraft fees to as low as $3
Yahoo Finance via AOL· 4 months agoThe Biden administration on Wednesday took another aim at slashing junk fees, proposing a rule that...
BofA hit with $250 million in fines and customer refunds for 'double-dipping' fees, fake accounts
Associated Press via AOL· 10 months agoBank of America will reimburse customers more than $100 million and pay $150 million in fines for...
Overdraft Fees are Big Business for Banks — Which Banks are Dropping Them?
GOBankingRates via Yahoo Finance· 2 years agoIf there's anything that can get the blood boiling for bank customers, it's being charged an...