Bank of America: Bank of America Handing $2,850,000 To Customers in Settlement Over Alleged Illegal Fees and Account Restrictions

Bank of America has agreed to a settlement that will require the second-largest US bank to shell out about $2.85 million to current and former customers. The class action lawsuit alleged BofA violated New York's Exempt Income Protection Act (EIPA) by mishandling and charging improper fees to customers who had been slapped with court-order restraints. Specifically, [...]The post Bank of America Handing $2,850,000 To Customers in Settlement Over Alleged Illegal Fees and Account Restrictions appeared first on The Daily Hodl.