BAC to pay $250 million for 'double-dipping' and fake accounts
Regulators concluded Bank of America repeatedly charged overdraft fees and opened accounts for customers without their consent.
Source: yahoo.com
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Bank of America to pay $250M in fines, customer refunds over junk fees, fake accounts
The Consumer Financial Protection Bureau said Bank of America withheld credit card rewards, double-dipped on fees and opened accounts without consent.
Source: yahoo.com
BofA to pay $250M in fake account, fees scam
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.
Source: bostonherald.com
7,100 Student-Loan Borrowers to Get $3.5M in Refund Checks: CFPB
The CFPB is cracking down on Timemark, a student-debt relief company, for charging fees for loan forgiveness services that are normally free.
Source: businessinsider.com
Proposed Guidance on ROVs of Residential Real Estate Transactions
This is a step by federal regulators to establish clear and robust Reconsiderations of Value processes and address perceived appraisal bias concerns. Those regulators maintain such processes are necessary to ensure real estate valuations are free of bias.
Source: natlawreview.com