Posts tagged as:

BoA

Bank of America Eases Burden for Home Owners

April 19, 2010

Bank of America (BOA) has announced they will provide some relief to homeowners with underwater mortgages. BOA said it will forgive up to 30% of the total mortgage for homeowners who are at least 2 months behind in payments and owe at least 20% more than their home is worth.

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Bank of America Eliminates Overdraft Fees for Debit Cards

March 18, 2010

Consumers have complained for years about being charged $35 overdraft fees for a $2 purchase. At least one bank, Bank of America (BoA), has listened and will eliminate overdraft fees on debit card purchases. Starting on June 19 for new customers, and in early August for existing customers, customers who attempt to use a debit [...]

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Judge Blasts Bank of America in SEC Trial

January 14, 2010

Note to banks accused of misleading investors: hypocritical defenses will not fly. Bank of America told its investors that it would not pay bonuses to Merrill Lynch executives as part of the merger. At the same time, BOA authorized Merrill Lynch to pay up to $5.8 billion in discretionary year-end bonuses; $3.6 billion in bonuses [...]

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Bank of America Drops Mandatory Arbitration Clause

August 13, 2009

Bank of America just announced that it will no longer require consumers to arbitrate disputes concerning credit cards and other consumer accounts. Great news! The collapse of pre-dispute, mandatory binding arbitration continues. Hopefully other credit grantors will follow suit. Bank of America ends arbitration of card disputes | Reuters

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Bank of America to pay two Countrywide execs $19 million for running company, economy into the ground

March 30, 2008

In an odd sort of thank-you note, Bank of American will give two top Countrywide executives, CEO Angelo Mozilo (pictured) and President David Sambol, $19 million in stocks. Bank of America took over Countrywide, the company made famous by writing loans all but guaranteed to fail. Countrywide’s loose lending habits were a significant contribution to [...]

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BoA execs singing bastardized version of U2′s “One”

February 6, 2008

Warning: the following video may make you want to vomit. Choice quotes: “Pick a card that shows your heart and your pride.” “We’ll make lots of money forever, I can sing.” Whiskey. Tango. Foxtrot.

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