Bank of America Faces $250 Million Punishment for Fake Accounts and Junk Fees
These practices are illegal and undermine customer trust. The CFPB will be putting an end to these practices across the banking system. It also came in at No. 6 on our list of theworst banksin the country for its sheer number of customer complaints. The CFPB is accusing Bank of America of the following. Federal officials have been cracking down on illegaljunk feesover the last year. Probably not as good as youd like....