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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: Bank of America hit with $250M in fines and refunds for ‘double-dipping’ fees and fake accounts
Description: 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 last 15 years trying to clean up its reputation and market itself to the public as a bank focused on financial health and not on overdraft fee income and financial trickery.
Bank of America must refund $100 million to customers, pay $90 million in penalties to the Consumer Financial Protection Bureau and $60 mill...