A North Carolina magistrate judge has recommended dismissing a proposed class action lawsuit against Bank of America. The suit alleged the bank violated an interest cap law for military service members. The judge stated that the veteran plaintiffs failed to demonstrate any actual violations of federal or state law.
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BofA Military Interest Cap Suit Should Be Tossed, Judge Says
A North Carolina magistrate judge has recommended dismissing a proposed class action lawsuit against Bank of America. The suit alleged the bank violated an interest cap law for military service members. The judge stated that the veteran plaintiffs failed to demonstrate any actual violations of federal or state law.