Bank of America must pay more than $100 million to customers for double-dipping on some fees, withholding reward bonuses and opening some accounts without customer consent. The bank serves 68 million people and small business clients.
Japan’s Supreme Court has ruled that restrictions imposed by a government ministry on a transgender female employee’s use of restrooms at her workplace are illegal, in a landmark decision that could promote LGBTQ+ rights in a country without legal protections for them.
Bank of America had a policy of charging customers $35 after the bank declined a transaction because the customer did not have enough funds in their account, the CFPB said. The agency determined that the bank double-dipped by allowing fees to be repeatedly charged for the same transaction. Bank of America also offered people cash rewards and bonus points when signing up for a card, but the CFPB said the bank illegally withheld promised credit card account bonuses.
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