Search results
Results from the WOW.Com Content Network
Bank of America noted in an email to CNN that those fees were eliminated last year. “We voluntarily reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of 2022.
Nationwide, there was a 2348% increase in hotline calls from 150,000 in 1963 to 3.3 million in 2009. [7] In 2011, there were 3.4 million calls. [8] From 1992 to 2009 in the US, substantiated cases of sexual abuse declined 62%, physical abuse decreased 56% and neglect 10%.
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” the Consumer Financial Protection Bureau said
Once again, Bank of America finds itself in court over mortgage-related complaints. This case, being heard in federal court in Boston, involves a group of homeowners who claim that their requests ...
Increasing the loss threshold for reporting closed accounts from $50 to $100 in overdrafts; Increasing the length of time a customer has to repay the debt; During a December 2000 meeting, Bank of America reported that in the first two months under the revised standards, its new ChexSystems policies had resulted in approximately 1,800 "overrides ...
The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [2]
The Wall Street Journal reported in March 2011 that regulators were focusing on Bank of America Corp., Citigroup Inc. and UBS AG in their probe of Libor rate manipulation. [49] A year later, it was reported in February 2012 that the US Department of Justice was conducting a criminal investigation into Libor abuse. [50]
Bank of America has been slapped with $225 million in penalties by federal authorities for “unfair and deceptive practices” related to customers’ unemployment benefits programs.