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Khang & Khang LLP Announces Class Action Lawsuit Against Bank of America Corporation

^{Published on 2011-07-18 10:55:37 - Market Wire}
 

IRVINE, Calif.--([ BUSINESS WIRE ])--Khang & Khang LLP announces that a class action has been filed in federal court against Bank of America Corporation (aBank of Americaa or the aCompanya) (NYSE:BAC) related to the Companya™s Credit Protection Plus service (aCPPa or the aPlana). CPP is a program available to credit card holders that charges them roughly 1 percent of their credit card balance in exchange for allowing them, under certain circumstances, to defer their monthly minimum credit card payment obligations. The complaint alleges that Bank of America is engaging in unfair and deceptive trade practices in connection with the sale and administration of CPP.

Bank of America allegedly enrolls card members into CPP without first determining whether the consumer is qualified to ever receive benefits under the Plan. The result is that card members are paying fees even though they can never receive benefits. In addition, Bank of America is allegedly enrolling card members into CPP without their consent or authorization and subsequently charging a recurring monthly fee.

If you were enrolled in CPP without your consent; or you ever enrolled in CPP and were a senior citizen, a self-employed worker, a part-time worker, a seasonal worker, had a disability at the time of enrollment or anytime thereafter, or were denied CPP benefits and you would like additional information about this lawsuit, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email to [ joon@khanglaw.com ].