... submit a complaint to the CFPB. Roughly 1.4 million consumers were affected by Bank of America’s deceptive marketing of their add-on products. The OCC has not revealed the substance of any of its industrywide or bank-specific findings.
knew of and approved all of the practices described in this Complaint. 2. The CFPB investigation of Bank of America was first reported Tuesday by Bloomberg Law.
Your home loan toolkit A step-by-step guide Consumer Financial Protection Bureau. Bank of America experienced the least percentage increase in average monthly complaint volume (4 percent) from August - October 2015 to August - October 2016. We’ll forward your complaint to the company and work to get you a response. Start your complaint About us We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.
Facts 12. a day or two hold i understand,but 10 days.. big scam to make interest money. 1 Page 1. Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372) Fax the CFPB at 1-855-237-2392; Mail a letter to: Consumer Financial Protection Bureau, P.O. 8 Monthly average calculated from the month the CFPB first handled complaints for the company. • Bank of America – $727 million consumer refund for deceptive marketing: The CFPB ordered Bank of America to provide $727 million in relief to consumers harmed by practices related to credit card add-on products. Consumers have lodged 20,512 complaints (and counting) against Bank of America to the CFPB since December 2011, according to a review of the CFPB's complaint database.As the Wall Street Journal first reported on Thursday, that is easily the worst track record of any bank, making up nearly a quarter of all complaints to the consumer-protection agency. Box 4503, Iowa City, Iowa 52244 Turn to the back cover for details on how to submit a complaint or call us at (855) 411-2372. One of the arguments that BofA made to the CFPB in late March was that it should drop its investigation in light of the OCC’s failure to identify any systemic issues. deposit check in atm,due to bank being closed due to covid 19. place hold of 10 days,bank received funds same day as deposit. Since January 1, 2009, Defendants have collected or attempted to collect debts for credit-card issuers such as JP Morgan Chase, Bank of America, Capital One, and Discover, and debt buyers such as Portfolio Recovery Associates and Midland Funding, LLC.