February 2011

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Accused of Cheating Customers, Bank of America to Pay $410 Million

A Bank That Robs You

A Bank That Robs You! . Bank of America has agreed to pay $410 million dollars to settle a lawsuit alleging it deliberately overcharged and cheated its customers.  One of the major allegations was that it programed its computers to process transactions from largest to smallest thereby maximizing the overdraft fees it could collect from Read the full article…