BofA Inks $6M Deal To Settle Credit Card Autopay Suit

By Melissa Angell (May 24, 2021, 10:35 PM EDT) -- A proposed class of roughly 100,000 consumers asked a New Jersey federal judge on Monday to preliminarily approve a $5.95 million settlement that would resolve claims that Bank of America tricked its credit card holders into choosing the highest interest option for their monthly payments, in violation of debt collection law....

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