December 07, 2023
Bank of America NA shouldn't be allowed to escape a proposed class action alleging certain cardholders were charged worse than average exchange rates on transactions in foreign currencies, a North Carolina federal magistrate judge has determined.
March 30, 2023
A North Carolina federal judge on Thursday pared back a proposed class action against Bank of America N.A. challenging the foreign exchange rates applied to purchases on their debit and credit cards, finding cardholders made a plausible showing that the bank broke their customer agreements and unjustly enriched itself in the process.
July 19, 2022
Bank of America N.A. has urged a North Carolina federal judge to throw out a proposed class action challenging foreign exchange rates applied to payment card purchases, saying a magistrate judge should have gone a step further when he dismissed all but two of the cardholders' claims.