Mass. State AG Sues Big Banks for ‘Illegal, Deceptive’ Foreclosures
Five of the nation’s largest lenders – Bank of America, Wells Fargo, JP Morgan Chase, Citi, and Ally Financial’s GMAC Mortgage unit – are targeted in a lawsuit brought by Massachusetts Attorney General ...
Justice Dept: Banks’ Debit-Card Fee Actions Under Antitrust Review
The U.S. Justice Department is reviewing rescinded plans by the nation’s largest banks, including Bank of America and JPMorgan Chase, to implement debit card fees and will take “appropriate action” if violations ...
Bank of America Customers to Get Back About 10% in Overdraft Fee Settlement
More than 13 million Bank of America customers who were allegedly charged overdraft fees unfairly over the past 10 years will get back a minimum of 9 percent as part of a $410 million settlement approved today by ...
Bank of America Dumps Plan for $5 Debit Card Fee
Bank of America has scrapped plans for a $5-a-month debit card fee after weeks of consumer blowback that fueled the Occupy Wall Street protests, rattled consumer advocates and forced other big banks to abandon similar ...
Consumer Feedback Spurs Regions, SunTrust to Drop Debit Card Fees
Fee-fatigued consumers scored a double victory today as SunTrust and Regions decided to end debit card fees for purchases and issue refunds to customers already charged.
The reversal by both banks followed retreats ...
Chase, Other Big Banks Retreat on New Debit Card Fees
The big consumer blowback from Bank of America’s planned $5-a-month debit card fee may have had a widespread impact as JPMorgan Chase and other big banks have reportedly decided not to pursue similar fees.
Chase, ...
Good Customers Boost Bank of America, Citibank – So Why New Fees?
The formerly bailed-out big banks already had an image problem, along with the ire of the Occupy Wall Street movement, before October came along and the wrath of consumers escalated further.
In rapid succession ...
JPMorgan Chase Bumps Bank of America for Bragging Rights
JPMorgan Chase today earned the status of top U.S. bank by assets after rival and longtime No. 1 Bank of America released its third-quarter earnings.
Bank of America’s assets fell to $2.22 trillion in the quarter, ...
Bank of America Backlash: State Bill Eyes Ban on Debit Card Fees
The backlash over Bank of America’s debit card fee persists with a bill proposed by a state legislator that would ban such bank fees for Florida customers.
The proposal from Lake Worth Rep. Jeff Clemens, a Democrat, ...
Treasury: ‘Robo-Signing’ No Affect on Mortgage Modifications
A top Treasury official overseeing the Obama Administration’s foreclosure relief program said today that the shoddy foreclosure paperwork practice known as robo-signing has not affected mortgage modifications.
Phyllis ...
