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Bank+of+America+in+%24783m+settlement+over+credit+card+practices
Thursday, 10 April 2014 - 14:37
Bank of America in $783m settlement over credit card practices
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Bank of America has agreed to pay 783 million dollars in fines and refunds to settle accusations it misled customers about its credit card services.

The bank will refund 738 million dollars to affected customers and pay 45 million dollars in penalties to US regulators.

The payout relates to the bank's sales and marketing of its payment and identity theft protection add-on services from 2010 to 2012.
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