January 10, 2024 A lawsuit claims a provision in Bank of America’s online banking service agreement that prohibits customers from making any statement that might expose the bank to “liability, reputational harm or brand damage” is illegal.
October 9, 2023 Bank of America faces a class action wherein a former employee claims the institution has reneged on its promise to pay workers for accrued vacation time at the end of their employment.
July 31, 2023 Two proposed class action lawsuits claim Bank of America and American Express have since March 2022 unlawfully imposed excessive interest rates on cardholders.
May 11, 2023 A class action lawsuit claims Bank of America has collected unlawful payment processing fees from borrowers who make monthly mortgage payments online or by phone.
May 1, 2023 A class action lawsuit claims Bank of America has concealed that it charges a $15 fee when a personal accountholder receives wired funds into their account.
January 25, 2023 Pennsylvania residents have filed a class action against Bank of America over its alleged failure to provide timely notice when repossessing and reselling a consumer’s financed vehicle.
January 20, 2023 A proposed class action alleges a service malfunction on January 18, 2023 caused a number of Zelle money transfers to be unexpectedly reversed for some BoA customers.
February 11, 2022 Bank of America faces a class action after allegedly failing to refund punitive overdraft and insufficient funds fees despite promising to do so.
December 20, 2021 A proposed class action alleges Bank of America, N.A. has failed to protect prepaid debit cards containing New Jersey residents’ unemployment benefits from fraud.
November 3, 2021 A class action alleges Bank of America has used a fee-maximizing automated servicing platform to charge defaulted or at-risk-of-default borrowers for multiple, repetitive property inspections.
October 22, 2021 A proposed class action lawsuit alleges Bank of America has discriminated against consumers of Iranian and Middle Eastern descent by arbitrarily restricting and closing their accounts.
July 22, 2021 A class action claims Bank of America failed to protect the security of debit cards issued to California unemployment benefits recipients.
July 16, 2021 Bank of America faces a class action over its alleged failure to reimburse the business expenses of mortgage employees who worked from home during the pandemic.
June 25, 2021 A Calif. resident alleges Bank of America has deceived consumers by failing to divulge that their mortgage loan amounts would increase as a result of opting into deferral/forbearance.
May 25, 2021 A lawsuit claims Bank of America has violated the terms of its contracts by charging multiple fees when an accountholder has insufficient funds to cover a check.
May 13, 2021 A class action alleges Bank of America has used an automated default mortgage servicing platform to “illegally, unfairly, and fraudulently” charge defaulted or at-risk-of-default borrowers for multiple and repetitive “property inspections.”
April 21, 2021 Bank of America faces another class action that claims the financial institution has lacked urgency in securing unemployment benefits for Californians amid the COVID-19 pandemic.
March 16, 2021 A proposed class action alleges Bank of America has misled accountholders into paying ACH transfer fees for a service that’s otherwise free when sending money to authorized payees.
January 21, 2021 A class action claims Bank of America has unlawfully failed to fulfill mortgage borrowers' qualified written requests for information.
January 19, 2021 A lawsuit alleges Bank of America failed to prevent and address fraud involving unemployment insurance benefits provided through prepaid debit cards in California.
November 3, 2020 A lawsuit claims Bank of America overcharged homeowners for hazard insurance included in the price to redeem their homes after a foreclosure sale.
August 5, 2020 A class action lawsuit accuses Bank of America of a host of abuses toward mortgage borrowers, including the opening of escrow accounts without authorization.
July 24, 2020 A North Carolina CPA firm claims in a class action that a group of major lenders has failed to pay those who assisted small businesses with filing for PPP loans.
July 20, 2020 A consumer claims Bank of America inaccurately determined and reported that he had filed for bankruptcy based on the bankruptcy filing of an individual with a similar name.
June 11, 2020 Bank of America faces a proposed class action over an alleged pattern and practice of force-placing flood insurance on mortgage borrowers in excess of what's required by law.
June 4, 2020 A class action claims Bank of America has intentionally deceived customers into accruing credit card debt by way of offering misleading automatic payment options online.
May 12, 2020 A Utah accounting firm claims in a lawsuit that a stable of banks and credit unions has failed to pay agents who assisted with the filing of PPP applications.
February 27, 2020 A proposed class action lawsuit claims Bank of America charges customers a three-percent international transaction fee on fees assessed by foreign ATM operators.
February 10, 2020 A lawsuit claims Bank of America, U.S. Bank, and Key Bank falsely represented that bonds issued to the plaintiffs by Rainier Bank and Seattle-First National Bank were "worthless."
March 26, 2019 Bank of America, N.A. and the company formerly known as The Royal Bank of Scotland PLC are among the defendants in a proposed class action lawsuit that alleges the banks have conspired to inflate the prices investors paid for European government bonds.
March 6, 2019 A proposed class action lawsuit has been filed in New York against The Intercontinental Exchange, Inc. (ICE) and a group of major banks over their alleged manipulation of ICE LIBOR since February 1, 2014.
February 27, 2019 A proposed class action lawsuit alleges a group of 17 major banks conspired to artificially raise prices of Fannie Mae and Freddie Mac bonds issued on the secondary market between January 1, 2009, and April 27, 2014.
February 6, 2019 [UPDATE] Bank of America, N.A. has been hit with a proposed class action that challenges its alleged practice of charging customers more than the contractual three-percent fee applied to international debit card transactions.
December 5, 2018 A lawsuit removed to federal court in New Jersey claims Bank of America loan officers are owed unpaid overtime wages due to the bank's alleged policy of classifying the workers as exempt employees.
June 28, 2018 Bank of America joins five individual defendants in a lawsuit claiming the parties' alleged Ponzi scheme duped investors out of at least $102 million.
April 23, 2018 A proposed class action has been filed against Bank of America alleging the bank improperly charged overdraft fees for non-recurring transactions in violation of customers’ account agreements.
April 20, 2018 Bank of America, National Association is facing a proposed class action lawsuit claiming the institution misclassifies salaried employees as exempt from receiving overtime wages for the hours they work in excess of 40 each week.
January 19, 2018 Bank of America and Specialized Loan Servicing face a suit claiming the companies wrongfully initiated mortgage foreclosure actions against consumers.
