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Working Assets' first product was the Better World Credit Card. After the United States deregulated telephone service, the company introduced Working Assets Long Distance in 1991. In 2000, it also became a mobile virtual network operator, operating as Working Assets Wireless. The company renamed this division to CREDO Mobile in November 2007.
A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. [6] Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade policy.
In 1958 the bank sent 60,000 BankAmericard offers to residents of Fresno, California, followed by Bakersfield, California with two million more offers sent statewide in the subsequent 15 months, marking what was called by The New York Times as "the official dawn of the bank credit card". The cards had preapproved credit lines ranging from US ...
In 2007, Bank of America partnered with Brighter Planet to offer an eco-friendly credit card, and later a debit card, which help build renewable energy projects with each purchase. [131] Bank of America has also donated money to help health centers in Massachusetts [ 132 ] and made a $1 million donation in 2007 to help homeless shelters in Miami .
The Equal Credit Opportunity Act (ECOA) of 1974, implemented by Regulation B, requires creditors which regularly extend credit to customers—including banks, retailers, finance companies, and bank-card companies—to evaluate candidates on creditworthiness alone, rather than other factors such as race, color, religion, national origin, or sex ...
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The case targets Early Warning Services, which runs the platform, along with Bank of America, Wells Fargo, and JPMorgan Chase, three of the seven banking giants that sit on its board.
The Merrill Accolades American Express Card, previously known as the Bank of America Accolades Card, was the first premium credit card offered by Bank of America.It is targeted exclusively at the bank's "affluent, wealthy and ultra- wealthy clients served through Premier Banking & Investments, The Private Bank of Bank of America and its extension, Family Wealth Advisors."