Bank of America (BAC) ends its practice of trying to push products to suspend the credit-card...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) ends its practice of trying to push products to suspend the credit-card payments of customers facing hardship. So-called credit protection products have sparked a number of lawsuits, including one leading to a $210M fine for Capital One. BofA will pay $20M to make a class-action lawsuit go away. Discover (DFS) expects a hefty fine as well.