Consumer Financial Protection Bureau Director Kathy Kraninger has denied Bank of America Corp.’s request to set aside or modify a civil investigative demand as to its sales practices.
The CFPB served the bank with a CID in March as part of an investigation into whether depository institutions or others had engaged in unlawful acts or practices in connection with unauthorized consumer bank, credit card and other accounts.
Read on for highlights of Kraninger’s decision.
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