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Bank of America ordered to pay $772 million for illegal credit card practices

( April 9, 2014, 16:24 GMT | Official Statement) -- MLex Summary: Bank of America has agreed to pay $772 million in fines and customer relief for illegal credit card practices involving add-ons, the US Office of the Comptroller of the Currency and the US Consumer Financial Protection Bureau said. The nation’s second largest bank deceptively marketed add-on products to 1.4 million customers and unfairly billed consumers for services that weren't performed, according to a Wednesday statement.Statement follows in full. See documents below....

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