Daily Archives: May 13, 2022

CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments

The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts. Bank of America unlawfully froze customer accounts, charged garnishment fees, garnished funds, and sent payments … Continue reading

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