How Americans Got Burned by Bank of America Corp (BAC)

And most recently, it’s been reported that multiple state attorneys general are contemplating new lawsuits against the bank, as well as Wells Fargo & Co (NYSE:WFC), for violating the terms of the $25 billion National Mortgage Settlement, which the nation’s largest mortgage servicers entered into at the beginning of last year.

To be fair, Bank of America is far from the only bank that’s been accused of blatant misdeeds over the last few years. Both Citigroup Inc (NYSE:C) and JPMorgan Chase & Co. (NYSE:JPM) are purportedly under investigation for their involvement in a scandal to manipulate the London interbank offered rate, or LIBOR. And the British banking behemoth HSBC Holdings plc (ADR) (NYSE:HBC) settled a case earlier this year that alleged that it illegally conducted transactions on behalf of Mexican drug lords, terrorists, and customers in places like Iran, Libya, and Sudan, among others.

But the misdeeds of others is no solace to the thousands of unwitting victims of Bank of America’s less scrupulous practices.

And it’s for this reason that we’re calling on you, the reader, to share your story with us about Bank of America in the comment section below. Good and/or bad. It’s our intention, if sufficient interest is generated, to publish the most egregious comments in a subsequent article and to present them to the bank. If Bank of America has burned you, this is your opportunity to vent, if you will, or to share what happened and thereby help others to avoid a similar experience.

The article How Americans Got Burned by Bank of America originally appeared on Fool.com and is written by John Maxfield.

John Maxfield owns shares of Bank of America. The Motley Fool recommends Bank of America and Wells Fargo and (NYSE:WFC) owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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