189,545 real consumer complaints filed against Bank of America at the Consumer Financial Protection Bureau. 53,802 received relief from the company. 98% of responses were timely.
189,545
Complaints
36,143
Won monetary relief
28%
Relief rate
98%
Timely response
Most common issues
01Managing an account28,307
02Loan modification,collection,foreclosure25,056
03Incorrect information on your report11,614
04Problem with a purchase shown on your statement10,038
05Loan servicing, payments, escrow account9,298
06Closing an account6,113
07Account opening, closing, or management5,855
08Improper use of your report5,539
09Problem with a lender or other company charging your account5,271
These complainants filed at the CFPB and the company refunded or credited money in response. The CFPB doesn't force outcomes, but it does force a response in 15 days.
Checking or savings account· Managing an accountFL