BofA hit with $250 million in fines and customer refunds for ‘double-dipping’ fees, fake accounts
Photo source: CNN NEW YORK (AP) — Bank of America will reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent. Combined, it is one of the highest financial penalties in years against Bank of America, which has largely spent the…
