Bank Of America Scandal 2025
Bank Of America Scandal 2025. Federal regulators are accusing bank of america of opening accounts in people's name without their knowledge, overcharging customers on overdraft fees and stiffing them on credit card reward. Morgan stanley analyst betsey graseck said on monday that the firm is overweight on big banks following donald trump's win and the republican sweep of the 2024 election.
An investigation found that bank of america raked in tens of millions of dollars in resubmitted insufficient funds fees. The consumer financial protection bureau ordered bank of america to pay over $250 million over allegations it opened fake accounts, withheld credit card rewards and.