July 13, 2012
Bank of America Corp. on Thursday agreed to pay $20 million to settle multidistrict litigation in California federal court alleging it deceptively enrolled consumers in a credit protection plan for which they had to pay monthly fees without their consent, and without providing meaningful benefits.
April 04, 2012
A California federal judge on Tuesday halved the contract claims brought by multidistrict litigation plaintiffs alleging Bank of America Corp. charged consumers for a credit protection plan they never consented to join, ruling an agreement did not preclude the fees.