Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees
https://www.cnbc.com/2023/07/11/bank-of-america-fined-fake-accounts-bogus-fees.html
https://www.cnbc.com/2023/07/11/bank-of-america-fined-fake-accounts-bogus-fees.html
9 Comments
andrewta@lemmy.world · 13 pts · 3y
Nope they never learn
Odusei@lemmy.world · 15 pts · 3y
When the fines are less than the profits, what’s there to learn? Just the cost of doing business.
andrewta@lemmy.world · 5 pts · 3y
Exactly
bleppy@lemmy.ca · 5 pts · 3y
Cost of doing business.
SaltyEggs@lemmy.world · 4 pts · 3y
I'm glad I bank with Wells Fargo
CatZoomies@lemmy.world · 7 pts · 3y
TheGoldenGod@lemmy.world · 7 pts · 3y
Excuse me, but you dropped this, /s
manicvelocity@lemmy.world · 1 pts · 3y
some_guy@lemmy.sdf.org · 3 pts · 3y
When I was in my early twenties, I decided to open my first savings account (already had a checking account) at BofA. The agent at the branch didn't tell me there was a minimum balance of $50 and let me open it with $20. Immediate penalty. I was too young and naive to know how to stand up for myself. I'd get that shit reversed today on grounds that she failed to properly inform me. At ~22, I just took the hit.
I'm sure she got commission on that shit, else why would she let that happen? The banking industry is fraudulent from top to bottom.
Jaysyn@kbin.social · 2 pts · 3y
It sure is weird how if I committed millions of dollars in fraud, I'd go to prison for 10-20 years.
Odusei@lemmy.world · 4 pts · 3y
Are you sure? Have you tried it?