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CFPB Orders Bank of America to Pay $12M for False Reporting of Mortgage Data

by Nika Cataldo | Nov 29, 2023

The Consumer Financial Protection Bureau has ordered Bank of America to pay a $12 million penalty for falsely reporting mortgage applicants’ data from 2016 to 2020.

Bank of America's branch in Boston's Downtown Crossing neighborhood

BofA Hit with $250M Fines for Fees, Opening Accounts Without Consent

by The Associated Press | Jul 11, 2023

Bank of America must pay around $150 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent.

AG’s Office Assessed Almost $10M in Restitution and Penalties in Fiscal Year 2018

by Banker & Tradesman | Sep 11, 2018

The Attorney General’s Office assessed more than $9.6 million in restitution and penalties against employers on behalf of Massachusetts workers in fiscal year 2018.

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