Bank of America to pay $195,000 in telemarketing settlement

Thursday, June 10, 2010 | 3:40 p.m. CDT; updated 4:15 p.m. CDT, Thursday, June 10, 2010

JEFFERSON CITY — The attorney general's office said Bank of America has agreed to pay the state $195,000 to settle allegations that it violated telemarketing laws.

Attorney General Chris Koster said some Missouri residents whose phone numbers are on the do-not-call list complained about receiving unwanted calls from Bank of America and its affiliates.

Koster said his office has reached an "assurance of voluntary compliance" with Bank of America that has been filed in St. Louis Circuit Court.

Besides paying the state, Koster said Bank of America will maintain a comprehensive do-not-call program for its telemarketers.

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