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Bank of America fined $225 mn for 'botching' US Covid-19 aid payments
Bank of America fined $225 mn for 'botching' US Covid-19 aid payments
by  AFP

Two US agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the Covid-19 pandemic. The Consumer Financial Protection Bureau imposed a $100 million penalty on Bank of America (BofA) for "botching" the disbursement of state unemployment programs during Covid-19, the agency said.

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