CONSUMER NEWS    RECALLS    COMPLAINT FORM    SCAM ALERTS  


Complain about a product or service

Small Claims Guide | Class Actions | Lemon Law | FAQ | Resources | Newsletters | Spanish
Automotive    Education    Electronics    Family    Finance    Health    Homeowners    Shopping    Travel   
NEWS   Latest |  Archives |  Auto |  Cells, etc. |  Computers |  Financial |  Health |  Homeowners |  Parents |  Privacy |  Scams |  Seniors |  Travel

$81 Million Class Action

Judge Refuses to Dismiss
Bank of America Suit



December 10, 2001
A federal judge in Baltimore has refused to dismiss an $81 million class-action lawsuit accusing Bank of America Corp. of illegally obtaining and distributing thousands of confidential consumer credit reports (earlier story).

U.S. District Judge Marvin Garbis rejected the bank's motion to throw out the suit, opening the way for a trial, which may begin as early as next summer.

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."

Attorney Robert Sweetland III of Arlington, Va., said the bank sold the data to third-party companies for "black market" purposes. 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.

Based in Charlotte, N.C., Bank of America Corp. is the nation's third-largest bank.


Consumer News

September 7 2008

Recent Recalls & Safety Alerts



FREE CONSUMER NEWSLETTERS

The Daily Consumer
Afternoons M-F

Sign up now!


Consumer News & Alerts
Every Sunday

Sign up now!


Knowledge is free.
Knowledge is power.



Back to the top | Consumer News



Advertisement


Home | Complaint Form | News | Recalls | FAQ |
Consumer Resources | Small Claims Guide | Lemon Law | Newsletter | Contact Us
Advertise With Us | Testimonials | Newsroom | RSS Feeds |


Terms of Use Your use of this site constitutes acceptance of the Terms of Use

Advertisements on this site are placed and controlled by outside advertising networks. ConsumerAffairs.com does not evaluate or endorse the products and services advertised. See the FAQ for more information.

Company Response Welcome If complaints about your company appear on our site, we welcome your response. Please see the Response Form for more information.

For more information, see the FAQ and privacy policy. The information on this Web site is general in nature and is not intended as a substitute for competent legal advice.  ConsumerAffairs.com Inc. makes no representation as to the accuracy of the information herein provided and assumes no liability for any damages or loss arising from the use thereof. 

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.