Bank of America customers in Florida may be eligible to receive compensation of up to $500 as a result of a class action lawsuit settlement. The lawsuit was related to a violation of the Florida Consumer Collection Practices Act (FCCPA), with the bank allegedly sending late-night debt collection messages to account holders, which is prohibited by the FCCPA. Although Bank of America did not admit wrongdoing, they agreed to pay $500,000 to resolve the claims filed.
To qualify for compensation, Florida residents must have received messages, calls, or any type of communication from Bank of America between 9:00 pm and 8:00 am in their local time zone since April 22, 2020.
To request compensation, eligible customers must submit a valid claim form by January 26, 2024, with the form available on the bank’s website. The exact amount of compensation will vary depending on the number of claims filed, but customers could receive up to $500. It is important for eligible customers to submit their claim before the deadline to ensure they receive the compensation they are entitled to.