Bank of America

San Francisco, CA: (Jun-27-07) A class action lawsuit was brought against Bank of America, alleging that the bank sold private information of clients who had checking or savings accounts with them since 1995. In a settlement reached, Bank of America agreed to pay class members compensation depending on their accounts. They stood to have $200 off their next mortgage with the Bank, fees waived for deposited items getting returned, fees returned for calling customer service, 12 months free subscription to a credit card protection service, which has a $30 value and 90 free days of Privacy Assist Identity Theft Protection Service, a $17.85 value. Further, Bank of America will donate $3.25 million to promote privacy-related projects. The settlement also paid class attorneys up to $4 million. [CONSUMERIST: B of A SETTLEMENT]

Official Web site and more information: [BANK OF AMERICA SETTLEMENT]

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