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BofA Backs Down on New Checking Fees

Bank of America has shelved plans for new fees that could have hit at least 10 million customers by the end of this year, skirting a potential replay of a 2011 uproar over consumer-banking charges.

 

Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices

Capital One

The Consumer Financial Protection Bureau delivered its first enforcement action against the financial industry, fining Capital One for pressuring and misleading more than two million credit card customers.

 

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