February 22, 2024
A California federal judge appeared inclined to toss a proposed class action claiming Bank of America illegally imposes excessive interest charges on variable-rate credit card holders, asking during a hearing Thursday if the plaintiff's counsel could "bolster" the complaint if the bank's motion to dismiss were granted.
September 25, 2023
Bank of America has asked a California federal court to throw out a proposed class action accusing it of illegally slapping variable-rate credit card holders with excessive interest charges, urging the court to reject what it characterized as a "circular theory" that would change how those credit cards work entirely.