Bank of America to pay $250 million for illegal fees, fake accounts kvpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvpr.org Daily Mail and Mail on Sunday newspapers.
An investigation found that Bank of America raked in tens of millions of dollars in resubmitted insufficient funds fees. The bank also illegally opened credit cards without customers knowledge.
Consumer Financial Protection Bureau Director Rohit Chopra says the bureau is continuing with its enforcement agenda and that financial firms face risks from the Supreme Court case.