A man walks past an automated teller machine (ATM) outside Bank of America Corp. headquarters in Charlotte, North Carolina, U.S., on Monday, May 2, 2016.
Bank of America , the second largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said Tuesday.
The announcement Tuesday is the latest sign that some of the practices exposed by the Wells Fargo fake accounts scandal in 2016 weren't confined to that bank.
Regulators have punished Wells Fargo for a sales culture that led to the creation of 3.5 million fake accounts.
But other lenders have had similar lapses, including U.S. Bank , which paid a $37.5 million fine last year for putting customers into unauthorized accounts.
Persons:
Rohit Chopra, Bill Halldin, Wells, weren't
Organizations:
Bank of America Corp, Bank of America, Consumer Financial, of America, Regulators, U.S . Bank
Locations:
Bank, Charlotte , North Carolina, U.S