Zelle Transfers on Bank of America
Allegations: Misleadingly marketing money transfers as safe and secure without disclosing that there’s a high risk of fraud and customers who lose money in unauthorized transactions are often not reimbursed
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 amended in March 2018, alleges that Bank of America represents that it does not charge overdraft fees on non-recurring transactions when, according to the plaintiffs, the company misclassifies Uber transactions as recurring transactions and, as a result, charges overdraft fees on them. According to the settlement terms, class members may receive an equal share of a $22 million settlement fund after expenses – including administrative expenses, service awards, and other fees – are paid. A final fairness hearing is scheduled for August 8, 2018. For more information, go to https://www.rideoverdraftsettlement.com/. (Pantelyat et al v. Bank of America, N.A. et al, Case No. 16-cv-8964, S.D.N.Y.)
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Class-Action Tracker
Bank of America’s Overdraft Fees
Allegations: Misrepresenting when consumers will be charged overdraft fees
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
Money Transfer Services at Bank of America
Allegations: Failing to disclose the risks associated with using money transfer apps, including that consumers who lose money due to fraud will not be reimbursed
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
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
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 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…
The Latest
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Bank of America
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