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$1 Billion Suit Alleges BankAmericard Rate Violations
A federal suit in Los Angeles claims Bank of America violated the Truth-In-Lending Act by hiding true interest rates on BankAmericard charges. Plaintiffs say minimal payments mislead, masking higher annual rates and causing billions in potential damages for millions of cardholders.
MENTIONED IN THIS ARTICLE
Bank America
Bank of America
New York City
Chemical Bank
Federal District Court
Los Angeles
Consumer Legal Action Council
BankAmericaids
Bank- Americard
Alan Goldhammer
Goldhammer & Horowitz
BankAmericaid
Maurice Mayesh
BankAmericard
Phillip Rabichow
Stephen Meyer