Let’s Make A Deal | BofA Fined $2.8 Million for Overbilling Customers $32.2 Million

BofA Fined $2.8 Million for Overbilling 95,000 Accounts Bank of America Corp.’s Merrill Lynch wealth-management unit was fined $2.8 million by the Financial Industry Regulatory Authority for overbilling customers by $32.2 million over an eight-year period. Merrill Lynch charged the fees to about 95,000 accounts between April 2003 and December 2011, FINRA said in a … Read more
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