Bank of America in Settlement Talks with CFPB. Bank of America is reportedly negotiating a settlement with the CFPB over allegations the firm undertook deceptive practices in the sale of credit card add-on products – specifically credit monitoring and debt cancellation products. According to Bloomberg, which broke the story, this development could mean a “winding down” of an industry-wide investigation by CFPB over credit card add-on products. The first enforcement action in this regard came last year against Capital...