Bank of America fined for consumer abuses including fake accounts, bogus fees
A man walks past an automated teller machine (ATM) outside Bank of America Corp. headquarters in Charlotte, North Carolina, U.S., on Monday, May 2, 2016.Chris Keane | Bloomberg | Getty ImagesBank of America, the second largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said Tuesday.The bank charged multiple $35 overdraft fees for the same transaction, failed to properly issue rewards to credit card users,…