According to the Associated Press, 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. Questions: Source: Sweet, K. and M. Chapman. (2023). BofA hit with $250 million in fines and customer… Read more »
Posts Tagged: overdraft fees
The Hole in the Wall Gang?
In today’s world, the rise in ATM fees is becoming harder and harder to escape. It’s a trend that has taken the nationwide average for using a machine that isn’t in your bank’s network to a record of $4.35 per transaction, as Bankrate’s annual survey of checking account fees recently revealed. Questions: 1. According to… Read more »