Bank of America hit with class action over credit card debt collection

Bank of America has been accused in a putative class action in a Pennsylvania court of improperly suing consumers who owe on credit card debt even after selling that debt and allegedly relinquishing its ownership interest. The bank is also being charged with violating a number of federal and state laws, such as the Fair Debt Collection Practices Act, for suing to collect a debt that it no longer owned.

By John Kennedy (March 16, 2016, 6:26 PM EDT) -- Bank of America NA has been improperly suing consumers who owe on credit card debt even after selling that debt and allegedly relinquishing its ownership interest, according to a putative class action filed Wednesday in Pennsylvania federal court....

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