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Tag: US Consumer Financial Protection Bureau

US Consumer Financial Protection Bureau fines Bank of America $10m for illegal garnishments

May 12, 2022

Via: FinTech Futures

The CFPB says BofA unlawfully froze customer accounts, charged garnishment fees and “sent payments to creditors based on out-of-state garnishment court orders that should have been processed under the laws and protections of the states where the consumers lived”. Garnishments […]