Small Claims Guide Class Actions Lemon Laws FAQ Newsletters
|
|
CONSUMER NEWS
RECALLS
COMPLAINT FORM
SCAM ALERTS
Small Claims Guide Class Actions Lemon Laws FAQ Newsletters |
|
|
Suit Claims Bank of America
|
||||
|
February 17, 2001
In an $81 million class-action lawsuit, Bank of America Corp. is accused of illegally obtaining and distributing thousands of confidential consumer credit reports. Attorney Robert Sweetland III of Arlington, Va., said the bank sold the data to third-party companies for "black market" purposes. The suit was filed in U.S. District Court in Greenbelt, Md., and claims the bank used the confidential reports "without a permissible purpose" under the Fair Credit Reporting Act. A Bank of America spokesman said the suit had no merit and called it "an attempt to get money out of us." Sweetland said 27 of his clients were among 3,000 to 5,000 consumers whose credit reports were wrongfully made available to third parties. Some of his clients did not even have a banking relationships with BofA, he said. The suit claims the plaintiffs suffered damages because of the dissemination of their personal financial information. They also claim an invasion of privacy and impairment of their ability to obtain credit. "People's most private finiancial information should not be available to the general public. Congress has said credit reports should only be used for narrowly defined purposes, such as applying for a loan or a job," Sweetland said, according to the Baltimore Sun. |
|
||
Back to the top | Consumer News 2001 | ||||
|
|
||||
|
AUTOMOTIVE • Dealers • Manufacturers • Service • Extended Warranties • Lemon Laws • Recalls • Tires • Transporters FAMILY • Aging • Children, Parenting • Recalls • Dating • Education • Entertainment • Pets • Weddings |
FINANCE • Annuities • Banks • Credit Cards • Debt Collection • Debt Counseling • Insurance • Investing • Loans • Mortgages • Payday Loans • Student Loans • Tax Prep HEALTH • Drugs, Pharmacies • Health Clubs • Hearing Care • Hospitals • Nursing Homes • Nutrition, Diets • Vision Care • Weight Loss |
HOMEOWNERS & RENTERS • Appliances • Cookware • Furniture • Home Improvements • Lawn & Garden • Movers • Pools & Spas • Realtors, Rental Agents • Recalls • Utilities ELECTRONICS • Cable TV/DBS • Cameras • Cell Phones • Computers • Home Electronics • Internet Access • Local Phone Service • Long Distance • VoIP |
SHOPPING • In-Home • Online • Retail Stores • Sporting Goods • Supermarkets • Telemarketers TRAVEL • Airlines • Bus Lines • Car Rental • Cruises • Hotels • Travel Agents • Trains RESOURCES • Class Actions • Complaint Form • Small Claims Guide • Lemon Laws |
CONSUMER NEWS • Latest News • Automotive • Telecom • Financial • Health • Homeowners • Scams • Seniors • Travel • More ... RECALLS • Automotive • Children's Products • Drugs • Food • Household Products • Sporting Goods ABOUT US • FAQ • Privacy Policy • Advertise With Us • Newsroom • Syndication • Terms of Use |
Terms of Use Your use of this site constitutes acceptance of the Terms of Use
Copyright © 2003-2008 ConsumerAffairs.com Inc. All Rights Reserved. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. |
|
