Fintech Horror Stories - Bank of America’s Expensive Offers

When chasing dollars turns into you being the one chased.

Bank of America, the second largest bank in the US, is back in the news as it got hit with not one but two consent orders from the Consumer Financial Protection Bureau this past week. In studying the first order, it’s maddening to see just how much deception appears to be going on particularly in the marketing and servicing. And what’s wild, based on so…