Empresas y finanzas

Bank of America to pay $727 million to consumers over credit card problems

09/04/2014 - 17:25

WASHINGTON (Reuters) - U.S. regulators on Wednesday ordered Bank of America to pay $727 million in relief to consumers over practices related to credit card add-on products.

The Consumer Financial Protection Bureau also fined Bank of America $20 million over allegations of deceptive marketing of products and unfair customer billing practices. The Office of the Comptroller of the Currency fined the bank an extra $25 million.

(Reporting by Emily Stephenson, Editing by Franklin Paul)