Bank of America Corp. (NYSE: BAC) is under investigation to determine whether it opened unauthorized customer accounts, according to information released on Tuesday by the Consumer Financial Protection Bureau.
The CFPB issued a CID, or civil investigative demand, in March requesting documents from BofA in regards to potentially "unlawful acts or practices in connection with unauthorized consumer bank, credit card, and other accounts." The accounts in question go back to at least 2014.
