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‘This isn’t the right way to do business in America,’ Indiana State Treasurer Daniel Elliott stated.
FBI officials warned the real cost to Americans could exceed $12.5 billion, noting not all online scams are reported.
Names, addresses, business email addresses, dates of birth, and Social Security numbers were exposed in the breach, according to a letter sent to customers.
The penalty stems from claims the bank failed to ask legally required questions about the race, ethnicity, and sex of mortgage applicants.
The bank has been accused of giving the FBI access to Jan. 6 bank records without customers’ knowledge.
Homeowners who support a pro-consumer law in New York say that there could be legal uncertainty and market instability if federal law preempts state laws.
US workers say that inflation is still outpacing salary and wage gains, according to new Bank of America research.
Indigenous Advance Ministries (IAM), a Christian ministry in Tennessee has accused Bank of America of closing its accounts for what it claims are ideological reasons. Bank of America countered that closing IAM’s accounts was not an issue of its beliefs but rather that some of its activities conflicted with the bank’s policies.
Americans Are Increasingly Making 401 (k) Withdrawals Due To Debts
