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Posts Tagged ‘ bank of america ’

5 Largest Mortgage Lenders Reach Settlement With States

5 Largest Mortgage Lenders Reach Settlement With States

Government lawyers announced a settlement has been reached with the 5 largest mortgage lenders in the country.  The settlement came in response to the banks deceptive practices relating to foreclosures. A draft of the settlement s with ... continue

Bank Of America Pulling Out Of Some US Markets

Banking giant Bank of America is reportedly preparing to pull the plug on some of its less profitable banking centers. Speaking to the Wall Street Journal a source close to the banks operations the company is close to exercising a ... continue
Bank Of America To Pay $335 Million Minority Loan Discrimination Settlement

Bank Of America To Pay $335 Million Minority Loan Discrimination Settlement

Bank of America on Wednesday was ordered by the Justice Department to pay a $335 million settlement for the company's part in a discriminatory lending market that denied black and Hispanic home buyers the approval needed to ... continue
S&P Goes On Banking Downgrade Crusade

S&P Goes On Banking Downgrade Crusade

Standard & Poor's has taken their credit downgrade from the United States government to the banks that led to the countries downgrade. The agency announced on Tuesday that 37 banks around the world would be downgraded. In the ... continue
Bank Of America Uses “Under The Radar” Fee Increases After Dropping Debit Card Fee

Bank Of America Uses “Under The Radar” Fee Increases After Dropping Debit Card Fee

While on paper Bank of America dropping their $5 per month debit card fee was a small victory for customers the company has found new "under the radar" ways to once again increase the cost of banking ... continue
Bank of America Abandons Planned $5 Debit Card Fee

Bank of America Abandons Planned $5 Debit Card Fee

After a nationwide backlash from consumers and lawmakers, Bank of America, said Tuesday that it was canceling its plans to charge a $5 monthly fee for debit card accounts. The news of BoFA's change of heart comes after ... continue
Online Banks Eyed By Consumers With “Fee Fatigue”

Online Banks Eyed By Consumers With “Fee Fatigue”

The major banks are so unpopular and divisive right now I would not be surprised if the GOP unapologetically ran them as a 2012 presidential candidate to attempt to defeat Barack Obama. (Seriously, if faced with a choice of ... continue
Citibank Raises Checking Account Fees

Citibank Raises Checking Account Fees

Last week Bank of America angered its customer base by adding a $5 monthly fee for debit card users. Citibank will also have some unhappy customers as the company announced today that it will add a $20 ... continue
Democrats Go After Bank of America, Other Institutions Over Debit Card Fees

Democrats Go After Bank of America, Other Institutions Over Debit Card Fees

Democrats in congress are going after Bank of America over their recent announcement that a $5 debit card fee will be charged to "free checking" customers on a monthly basis. Senate Majority Whip Dick Durbin and Rep. Brad ... continue
Warren Buffett Backs Up Economy and Bank of America As Berkshire Plans First Ever Share Buyback

Warren Buffett Backs Up Economy and Bank of America As Berkshire Plans First Ever Share Buyback

Warren Buffett on Friday said Berkshire Hathaway will continue to invest in the economy even as the company prepares their first ever share buyback program. Speaking during a CNBC interview Buffett said Berkshire will continue to make acquisitions ... continue
Bank Of America Prepares $5 Per Month Debit Charge

Bank Of America Prepares $5 Per Month Debit Charge

Customers at Bank of America will soon be charged $5 per month for the right to carry a debit card. According to the company the new charge is an effort to offset federal regulations which has limited ... continue
Bank of America Could Slash 40,000 Jobs Under Restructuring Plan

Bank of America Could Slash 40,000 Jobs Under Restructuring Plan

It's becoming quite possible that Bank of America Corp (BofA) officially will fire nearly 40,000 employees as part of a new restructuring plan. According to rumors CEO Brian Moynihan will announce the layoffs on Monday. The layoffs will ... continue
Bank of America Cutting 3,500 Jobs, More To Follow In Near Future

Bank of America Cutting 3,500 Jobs, More To Follow In Near Future

Bank of America Corp. has announced that they are planning to fire 3,500 workers before the end of the current quarter as part of a plan to overhaul the company. Speaking to the Wall Street Journal an insider says ... continue
Reverse Mortgage Market Giants Exit the Game

Reverse Mortgage Market Giants Exit the Game

News that the two largest providers of reverse mortgage loans would be exiting the market has left some elderly borrowers both surprised and concerned. Official word from the banks - Bank of America and Wells Fargo - themselves, ... continue
Bank of America Branch Nearly Has Furniture Repossessed

Bank of America Branch Nearly Has Furniture Repossessed

A Florida based Bank of America branch nearly had their locations furniture repossessed this week when they failed to pay a couple $2,500 owed to them after withdrawing a lawsuit that ended in 2010. According to the Fort ... continue
Bank of America website remains down, six hours and counting

Bank of America website remains down, six hours and counting

Why do banking website failures always seem to occur on payday? If you have your money at Bank of America, you may have noticed that their site has been down for the count for most of the workday ... continue
Bank of America prepares for Wikileaks backlash by snapping up “You Suck” domains

Bank of America prepares for Wikileaks backlash by snapping up “You Suck” domains

Wikileaks has been taking a lot of crap following it's recent data dump of US diplomatic cables. From having it's domain yanked to having it's money supply chain cut off. Most recently Bank of America has indicated ... continue
Update: Bank of America site down, why?

Update: Bank of America site down, why?

Bank of America's site is down currently, leaving customers grown reliant on online banking unable to manage their money through the BoA website. The bank that's too big to fail when it comes to taking taxpayer dollars apparently ... continue
Bank of America loses customers in flag controversy

Bank of America loses customers in flag controversy

In an attempt to not "offend" customers, a Bank of America branch in South Carolina has managed to drive some high-yield ones away. A branch manager at a Gaffney location ordered the removal of several small American flags ... continue