Bank of America Investigation

Girard Sharp is investigating potential claims on behalf of Bank of America customers for whom the bank may have opened unauthorized credit card or other accounts.  

If you are a Bank of America customer and had an unauthorized account opened in your name, you may have a claim to relief. 

Protect your rights by speaking with a Girard Sharp consumer protection attorney—dial (866) 981-4800 or submit your information in our form. 

More Information on the Bank of America Investigation 

On July 11, 2023, federal regulators ordered Bank of America to pay $150 million in fines related in part to its alleged practice of opening accounts for customers without their knowledge or consent. The director of the Consumer Financial Protection Bureau stated that “Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent. These practices are illegal and undermine consumer trust.” The accounts in question include checking and savings accounts as well as credit cards. 

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Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We serve on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that received final approval in July 2022. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal. 

For a free consultation about your potential claims, contact one of our consumer protection lawyers at (866) 981-4800 or fill out the form.

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