Bloomberg News
"We intend to continue cleaning up this market as necessary to ensure that consumers are treated fairly," said CFPB Director Richard Cordray

Why the CFPB's Crackdown on Add-On Products Isn't Over

Regulators slammed Bank of America on Wednesday with their toughest enforcement action to date on shady marketing and billing practices for add-on products like identity protection, forcing it to pay $772 million in restitution and fines. But Consumer Financial Protection Bureau officials indicated more actions are on their way.

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