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BofA Says Military Interest Law, Not Bank, To Blame In Suit

By Katryna Perera ( January 14, 2025, 9:39 PM EST) -- Bank of America has hit back at a class action suit accusing the financial giant of violating an interest cap law for military service members, arguing that the suit fails to allege any actual violations of the law and that Congress considered and decided against the interest rate requirement that the plaintiffs seek to impose....

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