Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
BofA slapped with $10 million penalty for processing ‘illegal,’ out-of-state garnishment orders against customer accounts
A $10 million penalty was ordered against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, the federal consumer financial protection agency said. According to the Consumer Financial Protection Bureau […]