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Ad Alert

Bank of America

A direct mail advertisement by Bank of America promoting low refinancing rates for homeowners has some consumer advocates concerned the materials may be misleading. American Banker reported this week that…


Class-Action Tracker

Zelle Money Transfers with Bank of America

Class Action

Zelle Money Transfers with Bank of America

Allegations: Misleadingly marketing Zelle as fast, safe, and secure without disclosing that accountholders who lose money due to fraud have no recourse for reimbursement of lost funds

Refunds of Bank of America’s Fees

Class Action

Refunds of Bank of America’s Fees

Allegations: Falsely representing that it would provide accountholders with refunds of various bank fees during the COVID-19 pandemic when the bank systematically refused to provide refunds

Bank of America Credit Cards

Class Action

Bank of America Credit Cards

Allegations: Misleadingly representing that the bank would “offer assistance to qualifying consumer[s]” during the COVID-19 pandemic when the bank rejected requests for assistance

Overdraft Fees at Bank of America

Class Action

Overdraft Fees at Bank of America

In January 2020, a class-action lawsuit was filed against Bank of America for allegedly falsely promising accountholders that it does not charge overdraft fees on non-recurring debit card and ATM…

Overdraft Fees at Bank of America

Class Action

Overdraft Fees at Bank of America

September 2019: A federal judge preliminarily approved a settlement agreement that would automatically provide class members with cash awards. The amount of each cash award depends on a variety of…

Bank of America’s International Transaction Fees

Class Action

Bank of America’s International Transaction Fees

In February 2019, a class-action lawsuit was filed against Bank of America for allegedly misrepresenting that the amount of the International Transaction Fees (fees charged when customers use a debit…

Bank of America Overdraft Fees

Class Action

Bank of America Overdraft Fees

In April 2018, a class-action lawsuit was filed against Bank of America for allegedly promising accountholders that it will not authorize non-recurring debit card transactions if the accounts do not…