Bank of America fined $225 million for unlawfully freezing accounts during Covid-19 pandemic

Bank of America fined $225 million for unlawfully freezing accounts during Covid-19 pandemic

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The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.

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