Bank of America is under investigation for selling “Credit Protection Plus” and “Credit Protection Deluxe” its credit card customers.
The core of the investigation is that Bank of America used assertive or deceptive methods to sign its customers up without clearly providing the costs associated with such products, claiming that they would protect the cardholders from identity theft or cancel debt in the event of a job loss.
In fact, the products offer little financial benefit.
If you subscribed to either of these products, you are eligible to make an immediate demand for a return of fees you were charged and any related expenses. To make a complaint go to: http://www.helpwithmybank.gov. Or, if you prefer, a Life Crafter coach can work with you directly. Simply fill out the form below.
Uniform Deceptive Trade Practices Act