Daily Archives: May 13, 2022

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

Posted on May 13, 2022 by Camron Hoorfar

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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