Get Started

Learn more about Credit Cards, Travel Programs, Deals, and more.

More Banks Have Opened Unauthorized Accounts, Possible Lawsuit

This post may contain affiliate links - Advertiser Disclosure. As an Amazon Associate, we earn from qualifying purchases.

Unauthorized Accounts Lawsuit

More Banks Have Opened Unauthorized Accounts, Possible Lawsuit

A number of banks are currently under investigation to see whether their employees opened unauthorized accounts. This was an issue that was brought to light by Wells Fargo, but they’re not the only bank to have used the practice to boost account. If you were affected by such unauthorized accounts, you may be able to join an investigation into this practice.

In a review conducted by the Office of the Comptroller of the Currency (OCC) that looked into around 40 banks, up to 10,000 unauthorized accounts were found to have been opened without the permission of customers. Unauthorized accounts found through this investigation included new mortgages, auto loans, checking and savings accounts, and credit cards.

The OCC declined to name the banks where these accounts were found. But an unauthorized bank accounts lawsuit investigation is now looking into banking sales practices at the following banks:

  • Bank of America
  • BOK Financial
  • Capital One
  • HSBC
  • Royal Bank of Canada
  • TD Bank
Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

Lower Spend - Chase Ink Business Preferred® 100K!

Chase Ink Business Preferred® is a powerful card that earns 3X Ultimate Rewards points in a broad range of business categories on the first $150K in spend per year. Right now earn 100K Chase Ultimate Rewards points after $15K $8K spend in the first 3 months with a $95 annual fee.

Learn more about this card and its features!


Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related

7,703FansLike
9,903FollowersFollow
16,444FollowersFollow