Bank of America in settlement talks over credit card practices: WSJ

Thu Apr 3, 2014 4:36pm EDT
 
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(Reuters) - Bank of America Corp is in talks to may pay more than $800 million to settle allegations by the Consumer Financial Protection Bureau that it forced customers to sign up for extra credit-card products, the Wall Street Journal reported, citing people familiar with the matter.

The settlement could be announced in the coming days, the Journal said. (link.reuters.com/muz28v)

(Reporting by Avik Das in Bangalore; Editing by Sriraj Kalluvila)

 
A Bank of America sign is pictured in Encinitas, California January 14, 2014. REUTERS/Mike Blake