Topic: Bank of America Corporation

President Obama's State of the Union message, impeccably delivered, rang hollow. The cost of carrying our liabilities, the trend of GDP and the level of debt carried not just by the federal government but the corporate world, and finally individuals, are all ...
The great Financial Panic of 2008 and mini stock market crash is over and we can all breathe again. Here is a key reason why a sell rule is important for your portfolio. Suppose you were a value investor holding FNM and ...
Bank of America Loan Modification Bank of America is one of the largest mortgage lending companies in the country and currently receives the highest number of loan modification requests. If you signed a mortgage contract with Countrywide, you are now dealing with ...
For decades, banks have been trying to get consumers to open checking accounts with freebies like toasters, George Foreman grills, and even iPods and Home Depot gift cards.. This week, Capital One (COF:39.12,-0.18,-0.46%) launched a promotion offering a $200 bonus to customers ...

What's in Your Wallet?

Felix Salmon points us to Arianna Huffington's campaign to get people to move money out of the big four banks: (However, at my Bank of America account, even without direct deposit you can avoid a monthly fee by keeping a $1,500 minimum ...
Frustration building with Obama foreclosure prevention plan as industry acknowledges troublesOnly one in three homeowners who have signed up for the Obama administration's mortgage relief plan have sent back the necessary paperwork, highlighting continuing problems for the government's effort to stem the ...

Banks pressured to be more helpful

Treasury to publish list of unsupportive lenders WASHINGTON Throughout the foreclosure crisis, lawmakers and the administration have raised concerns that lenders are not doing enough to help families keep their homes and that the federal government is limited in its ability to ...
The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. In areas like Las Vegas, southern Florida and California, the ratio is far ...

Overdraft Overhaul

Last Thursday the Federal Reserve announced that, starting in the middle of next year, U.S. banks cannot allow customers to overdraw their accounts and then charge them hefty fees for doing so. It also means that those same banks will seek to ...
Like most other loans, a loan modification from Bank of America can be daunting task taking up a lot of time. Bank of America is the largest banking institution in the US and as such are one of the biggest lenders of ...