Carey Danis & Lowe is currently investigating claims that Bank of America is engaging in unfair and deceptive trade practices in connection with the sale and administration of their Credit Protection Plus program, which is a debt suspension / debt cancellation plan offered to its card members for a fee.
In particular, CD&L is investigating claims that Bank of America enrolls card members into their payment protection plan without first determining whether the consumer is qualified to ever receive benefits under the program. The result is that card members are paying fees even though they can never receive benefits.
In addition, the lawyers at CD&L are investigating whether Bank of America is enrolling card members into the Credit Protection Plus program without their consent or authorization and subsequently charging them a recurring monthly fee.
If you were enrolled into a payment protection plan or program without your consent, please contact us today.