Bank of America has been ordered to pay more than $100 million to customers for doubling some fees, withholding reward bonuses and opening accounts without customer consent, the Consumer Financial Protection Bureau said Tuesday.
The U.S. Office of the Comptroller declared the bank’s double-dipping on fees illegal.
Bank of America will pay $90 million in penalties to its organization and $60 million in penalties to the OCC.
Bank of America, the second-largest bank in the United States, serves 68 million people and small business clients.
