Bank of America agrees to $8.5 billion buyback deal
Bank of America has agreed to pay out an unprecedented $8.5 billion in buyback deal to 22 investors who bought mortgage-backed securities.
Wednesday, June 29th, 2011 by By Ron Ford
Bank of America settles overdraft fee lawsuit for $410 million
Bank of America has settled a class action suit over processing transactions out of order to collect more overdraft fees for $410 million.
Thursday, May 26th, 2011 by By Peter Stone
30 percent interest for late payments at Bank of America
Watch out for default interest rates. Despite new rules, credit card issuers like Bank of America will still raise rates sky high.
Wednesday, April 27th, 2011 by By Peter Stone
Where Is The Best Place To Get Payday Loans Online and Why?
There are all kinds of reasons why you would want to get a loan online but what should you know about payday loans first?
Banks under SEC antitrust investigation for rate manipulation
The SEC and Justice Department are investigating whether a group of world banks colluded to manipulate the LIBOR interest rate.
Thursday, April 14th, 2011 by By Steve Tarlow
14 banks ordered to pay homeowners back for bad foreclosures
Terms of the robosigning settlement include 14 financial institutions having to repay homeowners whose homes were wrongfully foreclosed.
Wednesday, April 13th, 2011 by By Peter Stone
Federal probe into robosigning reaches initial settlement
The federal government has completed its investigation into the robosigning scandal and reached an initial settlement with the banks involved.
Wednesday, April 13th, 2011 by By Peter Stone
Why Borrow Money On Installments To Keep From Defaulting On Bills And Ruining Your Credit?
Many people are shocked at how damaging it is to have a low credit score. Many though have found a temporary solution with installment loans.
Letting banks boost shareholder dividends risks another bailout
By green-lighting more shareholder dividends, the Fed has allowed banks to increase leverage, and it could lead to bailout territory again.
Thursday, March 24th, 2011 by By Thomas Hart
Bank of America offering more choice in checking accounts
Bank of America has unveiled a pilot program that gives customers more choices regarding checking accounts and the related monthly fees.
Tuesday, March 1st, 2011 by By Peter Stone
Bank profits tumble as new laws for credit cards start working
The new credit card regulations are working. Companies that used to rely on deceptive practices are losing profits because of the CARD Act.
Tuesday, February 22nd, 2011 by By Peter Stone
How To Use Short Term Loans To Save Your Budget
There are plenty of things eating your budget and late fees on the bills is typically the biggest waste and easiest to fix with short term loans.
Bad mortgage nightmare could cost banks $60 billion
A clause in many mortgage securities says that banks will buy them back if they go bad, but banks are gearing up to fight their obligations.
Wednesday, February 9th, 2011 by By Mary Rice
Bank of America to stop offering reverse mortgages
After only four years, Bank of America is shuttering its reverse mortgage business in favor of "going other directions," says the company.
Tuesday, February 8th, 2011 by By Mary Rice
Bank of America steels itself for exposure of Wikileaks data
It's believed that Wikileaks has data on Bank of America mortgage, foreclosure and other corruption that could be big enough to kill the bank.
Friday, January 14th, 2011 by By Steve Tarlow
Personal Loans Online Do Not Requre Credit Checks Or Collateral Deposits
Credit checks cause damage to your credit score. These are the factors that you will appreciate knowing so you can get a personal loan without ruining your credit or putting up collateral.
Major banks want more cash advanced from customers
Major banks want more cash advanced from checking account holders. People with some major banks will have to pay more to use their own money.
Friday, January 7th, 2011 by By Peter Stone
B of A buys bad guaranteed loans back from Fannie and Freddie
Bank of America has recently put aside some serious cash to compensate Freddie and Fannie for bad guaranteed loans B of A is responsible for.
Monday, January 3rd, 2011 by By Peter Stone
What is the real story behind a WikiLeaks Bank of America dump?
If Bank of America is the next target for WikiLeaks, evidence of unethical finance on Wall Street is old news ...
Tuesday, December 21st, 2010 by By Thomas Hart
Why Using a Cash Advance For a Spending Spree Is a Very Bad Idea!
Cash advances, although a modern convenience, are not to be used for for irresponsible spending. Use them wisely and you will improve your financial situation.
Nevada Attorney General sues Bank of America over foreclosures
Despite 50-state talks that are ongoing, Nevada and Arizona have sued Bank of America, claiming their foreclosure negotiations are not "in good faith."
Tuesday, December 21st, 2010 by By Mary Rice
Bank of America cuts off WikiLeaks ahead of bank document release
Bank of America has suspended WikiLeaks from receiving any payments from the bank. Numerous finance organizations have cut WikiLeaks off.
Monday, December 20th, 2010 by By Peter Stone
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