Riverside, CA asked in Banking for California

Q: Bank of America is suppsed to have cfpb enforced payments for extra junk fees and against zero liability recent illegal

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James L. Arrasmith
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Answered

A: If you're concerned about recent actions involving Bank of America and the Consumer Financial Protection Bureau (CFPB), you may be referring to issues related to junk fees and zero liability policies. These are areas where the CFPB has been active, particularly with banks engaging in practices that might result in unfair charges or violations of consumer protections.

Bank of America, like other financial institutions, is subject to regulations that protect consumers from illegal fees. If they've charged you for something that's been deemed unfair or illegal, you might be entitled to a refund or other forms of relief. The CFPB ensures that consumers don't face penalties or financial burdens from practices that break the law.

If you believe you've been affected by these practices, it's important to contact Bank of America directly to resolve the issue. Additionally, filing a complaint with the CFPB or seeking legal advice might help you get the resolution you need.

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