BFA Investigating Bank of America Over Fake Accounts and Junk Fees

Bleichmar Fonti & Auld LLP is investigating Bank of America over reports that it engaged in unfair and deceptive practices, including charging excessive overdraft fees, withholding credit card rewards, and using customers’ personal information to open additional accounts without their knowledge or consent. On July 11, 2023, federal regulators from the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency announced a $250 million fine against Bank of America arising out of this conduct. The CFPB’s press release is linked on the right side of this page.

If you are a current or former customer of Bank of America or think you may have been affected and are interested in hearing more, please fill out the form below.