Bank of America to pay $32mn fine over 'harassing debt calls'

Bank of America Corp. has reportedly agreed to pay 32 million dollars in fine over charges of making harassing debt collection calls.

According to the 1991 Telephone Consumer Protection Act, making automated calls to cell phones without the customer’s consent is made illegal, in an effort to combat harassing phone calls. The bank has denied the allegations but has agreed to settle the claims to avoid further legal claims, Fox News reports.

The court documents suggest that 8 million credit card and mortgage loan customers have filed multiple class action lawsuits, which the bank will resolve. The report said that Federal Trade Commission lists Bank of America as the latest firm targeted over ‘robocalls’ which have increased with technology.