BofA Ponies Up $1M To End TCPA Robocalls Suit

By Y. Peter Kang (April 21, 2016, 8:37 PM EDT) -- Bank of America Corp. said it will pay $1 million to resolve a putative class action accusing the bank of making robocalls to unintended recipients in violation of the Telephone Consumer Protection Act, according to documents filed Thursday in Florida federal court.

In a motion seeking preliminary approval of the settlement, BofA said it will pay from $15 to $25 each to customers estimated to number 30,000 who received an autodialed call or text message to their cellphone from February 2013 to April 2016 about someone else's BofA account.

For purposes of the settlement, the parties asked U.S. District Judge Harvey...

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