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 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 have enough funds to cover the transactions and thus will not charge overdraft fees on them when, according to the complaint, the bank misclassifies certain one-time debit card transactions – such as gas station transactions – as recurring and then charges accountholders an overdraft fee on them. (Mason et al v. Bank of America, N.A. and Bank of America Corp., Case No. 18-cv-159, D. ME.)
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Class-Action Tracker
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
Fees at Bank of America
Allegations: Misrepresenting when consumers will be charged overdraft fees
Bank of America’s Overdraft Fees
Allegations: Misrepresenting when consumers will be charged overdraft fees
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
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
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’s Overdraft Fees on Uber Transactions
In March 2018, a federal judge preliminarily approved a settlement agreement that would resolve a false advertising class-action lawsuit filed against Bank of America in 2016. The complaint, which was…
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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…