Bank of America harmed hundreds of thousands of customers, a federal agency said.
Customers use the ATM at a Bank of America branch in lower Manhattan, July 18, 2017, in New York City.Bank of America was ordered to pay more than $100 million to customers for double-charging accounts with insufficient funds, denying reward payments to credit card holders and using personal data to open accounts without a client's knowledge, the Consumer Financial Protection BureauThe second-largest U.S.
In a statement to ABC News, Bank of America said it no longer charges the fee for insufficient funds. Bank of America, the agency said, also illegally applied for credit cards and bank accounts using customer information without their consent.
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