BofA (BAC) Might Face Suit for Failing to Refund Overdraft Fees

Per a Reuters report, Bank of America Corporation (BAC) is likely to face a lawsuit for failing to honor a promise to refund overdraft fees to customers facing financial trouble during the COVID-19 pandemic.On Wednesday, U.S. District Judge Yvonne Gonzalez Rogers ruled that customers probably suspected that even after quietly ending its Client Assistance Program on Aug 31, 2020, BofA misinformed customers on its website and mobile application as it continued to promise relief from overdraft and insufficient ...