The CFPB investigated American Debt Settlement Solutions, Inc. (ADSS) and determined that it violated the law, including by promising debt-relief services and then never providing them.
"Bank of America withheld promised perks from some of its credit card customers, double-charged overdraft fees and secretly opened card accounts in customers’ names without their knowledge or consent, federal regulators said on Tuesday.
The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, which oversee the banking industry, levied $150 Million in fines against the country’s second-largest bank over what they called “junk fees” that it was charging customers, as well as its mishandling of customer accounts. Some customers paid $35 in overdraft fees multiple times on a single transaction they requested from an account that had insufficient funds."
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.