Bank of America class action overview:
- Who: Plaintiff Kimberley Dennie filed a class action lawsuit against Bank of America.
- Why: The lawsuit claims Bank of America does not legitimately investigate fraud claims, instead sending out form letter denials making customers responsible for banking fraud.
- Where: The Bank of America fraud claims lawsuit was filed in federal court in North Carolina.
A consumer filed a class action lawsuit against Bank of America saying the bank does not legitimately investigate fraud claims, instead sending out form letter denials arguing its customers are responsible for banking fraud.
The lawsuit alleges that the company often denies Bank of America fraud claims — even when they are submitted properly — by claiming that fraudulent payments were actually made by an authorized card user.
“Despite Plaintiff’s request for an explanation and further review, and submitting a police report for the stolen card and fraudulent transactions, Bank of America mechanically rejected Plaintiff’s claim without performing a reasonable investigation and instead, issued form denial notices devoid of any factual findings or documentation from its alleged investigation,” the Bank of America class action says.
Bank of America class action: Legitimate fraud claims must be covered, lawsuit says
Congress determined that banks are required to pay for financial fraud reported by consumers in a timely manner, unless the bank can determine the charges were not fraud, the lawsuit says. Banks must write a detailed explanation and provide all available documentation to prove the charges are not fraud, allowing consumers to dispute the conclusions.
The Bank of America fraud claims responses attempt to flip the responsibility of proof and financial loss on the consumer, the lawsuit claims.
“Bank of America denies fraud claims for transactions it unilaterally deems to be ‘authorized’ by Plaintiff without providing any substantive explanation as to how or why it has satisfied its burden of demonstrating that the disputed charges were in fact authorized,” the lawsuit says.
A consumer filed a class action lawsuit against Bank of America claiming the company did not send required monthly statements to customers who fell behind on their home equity lines of credit.
Have you encountered fraud on your Bank of America card? Let us know in the comments.
The plaintiff is represented by David M. Wilkerson of The Van Winkle Law Firm, Andrew J. Shamis and Edwin E. Elliott of Shamis & Gentile PA, Sophia Goren Gold of Kalielgold PLLC and Scott Edelsberg of Edelsberg Law PA.
The Bank of America class action lawsuit is Dennie v. Bank of America Inc., Case No. 3:24-cv-454, in the U.S. District Court for the Western District of North Carolina Charlotte Division.
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533 thoughts onBank of America class action claims bank fails to properly investigate fraud claims
Mine was the same thing and I fought six times with them and they still all they did was give me a copy of my transactions and that’s it and they weren’t even my transactions somebody wants the casino and spent $26,000 when I wasn’t even in the same state and I gave them proof I gave an employee letter I gave him proof where I was and my employer even even said she wasn’t even in the state I got the casinos camera put photos and they still denied it
Wow! This happen to me as well. They closed my account and said I was did the fraud. I had no idea what happen and they couldn’t have investigated like they say they was because they would have known it wasn’t me. Now it’s hard for me to get other accounts. Add me pleasee
Mine was the same thing and I fought six times with them and they still all they did was give me a copy of my transactions and that’s it and they weren’t even my transactions somebody wants the casino and spent $26,000 when I wasn’t even in the same state and I gave them proof I gave an employee letter I gave him proof where I was and my employer even even said she wasn’t even in the state I got the casinos camera put photos and they still denied it
Add me.
My son’s card was stolen & despite collected proof, including video, thief’s admissiin & court documents, he was denied reimbursement.
My identity was stolen, sent BOA ally documents, police report amd other documents and they still denied my claim even started garnishing my check smh. Please add me
It’s happened to me recently.
I have several times my card was breached
add me
I have had several claims years ago. They are definitely not a great bank
I had several claims that they denied.
I had this happen to me as well recently had fraud on my account mobile charge out of the country in china but I live in NC never been out of the country but claim was denied saying I authorize no way possible super frustrating $310 just took from my account wasn’t notified at all about but follow process I want to join on this claim because that is wrong I have been a long time time customer 15 yrs to