Request Legal Help Now - Free

Advertisement
LAWSUITS NEWS & LEGAL INFORMATION

Bank of America to Pay $32 Million to Resolve Debt Collector Harassment Claims

. By
New York, NYWhen it comes to debt collector harassment, it’s not just third-party companies charged with collecting debts who are accused of breaking the law. Bank of America has reportedly just agreed to pay $32 million to settle claims of bill collector harassment on the part of the bank. The debt collector lawsuit was filed after customers complained they received harassing phone calls from the bank.

According to Commercial Banking News (10/10/13), the lawsuit was filed on behalf of Bank of America’s credit card and mortgage loan customers and alleged Bank of America made harassing phone calls to those customers on their cell phones. Furthermore, the lawsuit alleges, the phone calls were actually prerecorded, meaning customers could not ask the person on the phone to stop making the phone calls. Some customers allegedly received up to 10 phone calls a day, at all hours of the day.

Consumers are protected from harassing phone calls by the Telephone Consumer Protection Act, which makes auto-dialed calls to cell phones illegal when the customer’s permission to make the calls has not been given. Bank of America has denied the charges but agreed to the settlement to avoid further legal costs.

Approximately eight million customers are affected by the settlement, which will also see Bank of America only phoning cell phones if a customer has given permission to do so.

According to the Consumer Financial Protection Bureau (CFPB), there are approximately 30 million Americans being pursued by debt collectors owing an average of $1,500. The CFPB currently oversees firms that make more than $10 million annually in activities related to consumer debt collection. The CFPB will examine such debt collectors to ensure they are upfront and honest in identifying themselves and the amount of debt owed, use accurate information when they pursue a debt, and have a dispute resolution process to address consumer complaints and disputes.

There are rules governing when and how debt collectors contact consumers. These rules prohibit harassing phone calls, calls made outside of certain times of day and calls that involve threatening language, including threatening personal injury to the consumer or threatening jail time if the debt is not paid. Lawsuits have been filed against various debt collection companies alleging they broke the rules by harassing consumers.

READ ABOUT BILL COLLECTOR LAWSUITS

Bill Collector Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a civil & human rights lawyer who may evaluate your Bill Collector claim at no cost or obligation.

READER COMMENTS

Posted by

on
boa transfered me to several reps. while at work on my day job and was not able to help me. one of the reps weeks after said i would not lose my home, well he was wrong. they did not help me after my second job loss and refuse to drop the interest rate like they did for most home owners.

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com

Request Legal Help Now! - Free