June 04, 2024
A North Carolina federal judge gave an early nod Tuesday to a $21 million settlement between Bank of America NA and the proposed class of its customers who accused it of slapping $15 "junk fees" on their incoming wire transfers, with $7 million of the deal going to class counsel.
May 24, 2024
Bank of America customers on Friday urged a North Carolina federal judge to preliminarily approve their $21 million settlement to resolve claims the financial institution tacked $15 "junk fees" onto incoming wire transfers, saying the deal constitutes significant relief for over a million class members.
April 23, 2024
Bank of America has agreed to resolve a proposed class action accusing it of tacking on $15 "junk fees" for incoming wire transfers, and a North Carolina federal judge on Monday gave the parties until May 24 to submit a motion for preliminary approval of the settlement.
September 27, 2023
A North Carolina federal judge on Wednesday refused to toss a proposed consumer class action accusing Bank of America of charging unlawful hidden fees for incoming wire transfers, saying a lawsuit the bank criticized for "inflammatory rhetoric" adequately alleges the financial giant tried to skirt its duty to disclose all fees.
June 02, 2023
Bank of America has fired back at a proposed consumer class action accusing it of charging millions of dollars in unlawful hidden fees for incoming wire transfers, telling a North Carolina federal court that the case distorts the bank's account agreements and should be thrown out.
April 27, 2023
Bank of America NA has been hit with a proposed class action in North Carolina federal court by an account holder who claims the bank has been secretly charging customers incoming wire transfer fees in violation of North Carolina and California federal law.