“Regulators on Tuesday ordered Bank of America to pay more than $250 million for doubling up on customer fees, withholding reward bonuses for credit card customers and opening accounts without authorization, according to the Consumer Financial Protection Bureau.
The fine includes more than $100 million to be paid to customers, $90 million in penalties to CFPB and $60 million in penalties to the Office of the Comptroller of the Currency, officials said. As part of the settlement, Bank of America agreed to pay the fines but did not admit to or deny the allegations.”