Industry Verticals · FinTech & BankingstructuralFintechBillingB2C

Bank Fails to Credit Earned Interest for Years While Charging Unauthorized Fees

Bank of America failed to credit interest owed on an interest-bearing account over many years and simultaneously charged unauthorized high-dollar fees. The systematic underpayment of earned interest combined with unauthorized charges amounts to ongoing account mismanagement.

3mentions
1sources
5.1

Signal

Visibility

6

Leverage

Impact

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