Tagged: Consumer Abuse and Fraud

Episode 283 — Bank of America Hit with $250 Million Penalty for Consumer Account Abuse

Episode 283 — Bank of America Hit with $250 Million Penalty for Consumer Account Abuse

Bank of America joined the club of consumer abusers – Wells Fargo had been the well-established leader of this club and the poster-child for abusive consumer practices.  For years, Bank of America avoided federal enforcement for abuses and could distinguish itself from the poster-child, Wells Fargo.  Bank of America’s conduct is inexplicable. In response to the Wells Fargo scandal, you would have expected that Bank...