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Lawsuit: Bank of America Faces Class Action Lawsuit over Credit Protection Plus (CPP)

Bank of America Faces Class Action Lawsuit over Credit Protection Plus (CPP)

Irvine, CA: A consumer fraud class action has been filed in federal court against Bank of America Corporation ("Bank of America" or the "Company") related to the Company's Credit Protection Plus service ("CPP" or the "Plan"). CPP is a program available to credit card holders that charges them roughly 1 percent of their credit card balance in exchange for allowing them, under certain circumstances, to defer their monthly minimum credit card payment obligations.

The complaint alleges that Bank of America is engaging in unfair and deceptive trade practices in connection with the sale and administration of CPP.

Bank of America allegedly enrolls card members into CPP without first determining whether the consumer is qualified to ever receive benefits under the Plan. The result is that card members are paying fees even though they can never receive benefits. In addition, Bank of America is allegedly enrolling card members into CPP without their consent or authorization and subsequently charging a recurring monthly fee.

Bank of America Credit Protection Plus Class Action Legal Help

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Last updated on Jul-18-11