Status: closed
Bank of America (Credit Card Late Fee)
Defendant: Bank of America
Current and former Bank of America credit card holders who made a payment on or before the payment due date (“Qualifying Payment”) and were assessed late payment fees between April 1, 2005 and October 19, 2006 may be eligible for up to $40 per Qualifying Payment, with maximum of 5 Qualifying Payments. The company reached a settlement over allegations of failing to apply same-day credit to payments made by the credit card holders.