It’s the latest scandal for the second-largest bank in the U.S., which has already paid millions in fines for illegal credit card practices. The Consumer Financial Protection Bureau fined Bank of America more than $250 million over allegations it opened fake accounts, withheld credit card rewards and illegally charged junk fees. ![]() It would have been the company’s first partnership with an American university, but the university abandoned the deal months later without explanation. In March of last year, Indiana University’s Kelley School of Business announced a partnership with Chinese-born fast fashion giant Shein, which has been beset by accusations of unsustainability and poor labor practices. As fashion juggernaut Shein faces new scrutiny from regulators, officials at the Kelley School of Business at Indiana University refuse to explain why it abruptly abandoned a partnership Illustration by Angelica Alzona for Forbes Photo by Comstock/Getty Images, stereohype/Getty Images
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