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Bank Of America Agrees To Pay $16.65 Billion To Settle Mortgage Charges

Reuters | Posted 08.21.2014 | Business

WASHINGTON, Aug 21 (Reuters) - Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled inve...

Bank Of America's Huge Legal Bill Cuts Into Profit

Reuters | Posted 06.16.2014 | Business

April 16 (Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a...

Bank Of America CEO Gets Huge Pay Boost

Reuters | Posted 04.21.2014 | Business

By Peter Rudegeair Feb 19 (Reuters) - Bank of America Corp Chief Executive Brian Moynihan received a 17 percent pay ra...

Hey, 'Slut': You've Got Mail!

Posted 02.07.2014 | Business

A California writer received a highly unusual credit card offer from Bank of America this week: It was addressed to “Lisa is a Slut McIntire.” ...

Big Banks Accused Of Housing Discrimination Again

Reuters | Posted 02.18.2014 | Business

MIAMI, Dec 19 (Reuters) - Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage le...

Climate Change This Week: Warsaw Walkout, Clean Energy Pride, and More!

Mary Ellen Harte | Posted 01.29.2014 | Green
Mary Ellen Harte

To tackle pollution, China to Drop Pursuit of "Growth at All Costs" reports David Stanway at World Environment News, steering local governments toward...

BofA Facing Huge Mortgage Fraud Fine

Reuters | Posted 01.23.2014 | Business

By Nate Raymond and Jonathan Stempel NEW YORK, Nov 9 (Reuters) - The U.S. government urged that Bank of America Corp p...

'I Cannot Afford The Inflated Mortgage I've Been Forced Into'

Home Defenders League | Posted 03.12.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

Bank Of America: Get Cash Before Nemo Hits

The Huffington Post | Bonnie Kavoussi | Posted 02.08.2013 | Business

Bank of America advised customers on Twitter Thursday night to go to the ATM and get cash to prepare for winter storm Nemo. Not everyone was ...

15 Companies With Impossibly Terrible Customer Service

The Huffington Post | Alexis Kleinman | Posted 01.09.2013 | Business

Nothing puts people in a worse mood than having a problem with a product, except waiting on hold for hours with no sign of help or humanity. The A...

'Independent' Foreclosure Reviewers Not So Independent

ProPublica | Paul Kiel | Posted 12.17.2012 | Business

ProPublica: The Independent Foreclosure Review is the government's main effort to compensate homeowners for harm they suffered at the hands of banks ...

America's Least Favorite Bank Revealed

Reuters | Posted 02.10.2013 | Money

(Corrects score for JPMorgan) By Rick Rothacker Dec 11 (Reuters) - JPMorgan Chase & Co jumped to first in a U.S. custom...

BofA Just Breaks Even

Reuters | Posted 12.17.2012 | Business

* Profit $340 mln after $1.6 billion litigation expense * Mortgage banking rev up 25 percent, bond trading rev jumps * E...

Ref Who Botched Touchdown Call Works For Bank Of America

The Huffington Post | Harry Bradford | Posted 09.27.2012 | Business

Bank of America employees have been criticized for incompetence in the past, but the bank's Santa Maria, Calif., vice president of Small Business, Lan...

Major Banks Probed Over Money-Laundering Allegations: Report

AP | The Associated Press | Posted 11.15.2012 | Business

NEW YORK -- Regulators are investigating whether several major U.S. banks failed to monitor transactions properly, allowing criminals to launder money...

What's in Your Wallet? Hopefully Your Share of the National Mortgage Settlement

Adam Levin | Posted 11.07.2012 | Money
Adam Levin

Hell has frozen over! After years of lawsuits and investigations by federal and state law enforcement agencies mortgage servicers are finally being forced to repay some of the billions of dollars they stole from American consumers. Unfortunately, the timing couldn't be worse.

Drop Trou, Lose Everything

The Huffington Post | Ron Dicker | Posted 09.05.2012 | Money

Perhaps banks should be more specific in the HR handbook: Don't drop trou and point your rear at the boss. An Illinois appeals court ruled last wee...

Bank Of America Just Lost A $170 Million Customer

The Huffington Post | Alexander Eichler | Posted 08.09.2012 | Business

Bank of America may have millions of customers, but the government of Brockton, Mass., is no longer one of them. Brockton is divesting its municipa...

Catherine New

Another Bank Of America Insult -- Fewer ATMs

HuffingtonPost.com | Catherine New | Posted 08.09.2012 | Money

It's not your imagination. Bank of America really did get less convenient. The Charlotte, N.C.-based bank has hauled off more than 1,500 ATMs from ...

Ex-Bank Of America Exec Indicted Over Muni Bid-Rigging Scheme

The Huffington Post | Alexander Eichler | Posted 07.23.2012 | Business

Hard times at BofA right now. But then, it's kind of always hard times for BofA, isn't it? The latest dust-up for Brian Moynihan's problem child invol...

Black Ex-Banker Says BofA Practiced 'Apartheid'

Reuters | REBECCA HAMILTON | Posted 09.19.2012 | Business

NEW YORK, July 20 (Reuters) - Two separate lawsuits alleging racial discrimination were filed in federal court in New York on Friday, against Bank of...

BofA Pays Big To Settle Mortgage Fraud Claims

Reuters | Posted 09.16.2012 | Business

By Karen Freifeld NEW YORK, July 17 (Reuters) - Bank of America Corp has agreed to pay $375 million to settle a case ...

FBI Claims Drug Cartel Funneled Cash Through BofA

The Huffington Post | Alexander Eichler | Posted 07.09.2012 | Business

Drug money has a way of sprawling. And some of it may have reached Bank of America. A federal probe into Los Zetas, a Mexican drug cartel, claims t...

BofA Takes Four Years To Pay A Woman's Wrongful-Foreclosure Settlement

The Huffington Post | Alexander Eichler | Posted 06.29.2012 | Business

One Texas woman finally got the $300,000 that Bank of America owed her. And it only took four years. The Southeast Texas Record has the whole sad s...

The Downgrades: Forget the 1%. It's the 9%, Stupid!

Adam Levin | Posted 08.27.2012 | Politics
Adam Levin

The downgrades in the credit ratings of major banks mean very little to the average consumer, but the downgrade in the credibility of Congress and the mess we have made of our financial regulatory structure should give us all pause.