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TopicBank of America accused of opening fake accounts and charging illegal junk fees
RchHomieQuanChi
07/11/23 10:40:12 AM
#26:


UnsteadyOwl posted...
It's ridiculous how pathetically low the fines are for these companies when they get caught doing this stuff. Bank of America's net income in 2022 was $26 billion. $100 million is less than half a percent of that. They're fine with doing this kind of shady stuff because there's not much risk in it for them even if they're caught.

And the thing with large companies like this is that they literally set aside money just to cover their asses whenever they do get fined.

It's even less than a slap on the wrist.

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