BofA Credit Protection Plan Draws Another Class Action

Law360, New York (October 14, 2011, 3:41 PM EDT) -- Customers hit Bank of America Corp. on Friday with yet another potential class action alleging the bank used deceptive sales tactics to lure customers to a plan that promised to eliminate minimum credit card payments during illness or unemployment.

The bank used “unfair, misleading and bait-and-switch” tactics to market the service, enrolling members who were not eligible for benefits, enrolling members without their permission and refusing to refund charges, according to the complaint filed in New Jersey federal court.

“Defendants have increased their profits due to...
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