(epicharmus)

Bank Of America Says Online Banking Has Been Restored After Outage

After Bank of America customers complained this afternoon of not being able to access their accounts online for a few hours, the bank said the issue has been fixed. [More]

(peterkraynak)

Bank Of America Apologizes After Some Customers Using Apple Pay Report Double Charges

If you’re a Bank of America customer who’s used Apple Pay, you might want to check your statement right about now and make sure you don’t have duplicate charges. Some BofA customers are reporting trouble with double charges, prompting the bank to apologize to those affected. [More]

How Corporations Got The Same Rights As People (But Don’t Ever Go To Jail)

Josh Bassett

In every common-sense, everyday way, a corporation is not a person. Corporations don’t date, don’t have families, don’t go catch a movie on Friday night. They also don’t go to jail when they do something criminal. But in the eyes of the law, corporations enjoy many of the same rights — including free speech and religious expression — and protections afforded to individuals. [More]

Bank Of America Doesn’t Want To Pay $1.27B For Countrywide’s “Hustle” Mortgage Scam

Bank Of America Doesn’t Want To Pay $1.27B For Countrywide’s “Hustle” Mortgage Scam

Between settlements, fines, legal fees, and loan reductions, Bank of America’s tab for its part in the mortgage meltdown is well over $50 billion, including last week’s record-setting $16.65 billion deal. And yet BofA is still trying to fight a nearly year-old jury verdict involving a scam by Countrywide Financial that sold off oodles of worthless home loans before the housing bubble collapsed. [More]

DOJ Finally Confirms Record-Setting $16.65B Settlement With Bank Of America

(Adam Fagen)

More than two weeks after it was first reported that the Justice Dept. and Bank of America were coming to terms on a record-setting deal worth nearly $17 billion, the two parties have finally confirmed the details of a settlement that will resolve multiple federal and state claims involving the bank’s bad behavior in the lead-up to the collapse of the housing market. [More]

(Michael Daddino)

Bank Of America Settlement Could Be Worth As Much As $17 Billion

Earlier this summer, when it looked like Bank of America and the Justice Dept. were reported to be on the brink of a settlement that would close the books on multiple cases involving the bank’s mishandling of toxic home loans in the run-up to the collapse of the housing market, it looked like BofA would be on the hook for around $12 billion. But now comes news that the deal could hit the bank for anywhere from $16-17 billion. [More]

Bank Of America Finally Ordered To Pay $1.27B For Countrywide’s “Hustle”

Bank Of America Finally Ordered To Pay $1.27B For Countrywide’s “Hustle”

It’s been about nine months since a federal jury found Bank of America liable for the “Hustle,” a pre-bubble Countrywide Financial program that removed safeguards to the mortgage underwriting process, resulting in a mountain of toxic, worthless loans. Yesterday, the judge in the case finally decided how much BofA — and the former Countrywide exec in charge of the program — should pay. [More]

Bank Of America To Pay $16.6M To Settle Allegations Of Processing Drug Traffickers’ Transactions

Bank Of America To Pay $16.6M To Settle Allegations Of Processing Drug Traffickers’ Transactions

Processing transactions for drug traffickers is a big no-no, which is why Bank of America has agreed to pay $16.6 million to resolve federal allegations that it was involved in moving money around for ten traffickers over the course of four years.
[More]

Remember: You’re Probably Only Opted Out Of Bank Junk Mail For A Few Years

Remember: You’re Probably Only Opted Out Of Bank Junk Mail For A Few Years

Have you ever cut ties with a friend or loved one, thinking you’d never want to see them again? Have you later had second thoughts about taking the axe (metaphorically) to that relationship and wished you could rebuild what you once had? When it comes to banks, many of them just assume that people who opted out of junk mail are just sitting at home regretting that they ever stopped asking for their mailboxes to once again be filled with credit card, mortgage, and savings account solicitations. [More]

Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Bank of America has reportedly been working out a settlement deal with the Department of Justice over its mortgage-related misdeeds. Last week, the arrangement was for a rumored $12 billion at least. But the negotiations stalled out, and the two parties haven’t talked in a week or more. Apparently, the bank is blinking first, and trying to get the Attorney General back to the table. [More]

Bank Of America Agrees To Scan For Illegal Payday Lenders In NY

Bank Of America Agrees To Scan For Illegal Payday Lenders In NY

Payday lending is illegal in more than a dozen states, including New York, but some lenders manage to fly under the radar by operating online or hiding their loans as part of another business. In an effort to crackdown on loans that violate state laws, New York has created a database for banks to use to help identify sketchy lenders, and Bank of America — no stranger to the issue of questionable loans — is the first to sign on. [More]

Bank Of America May Pay At Least Another $12 Billion For Mortgage-Related Hijinks

Bank Of America May Pay At Least Another $12 Billion For Mortgage-Related Hijinks

Bank of America has already agreed to mortgage meltdown-related settlements totaling more than $50 billion, so what’s another dozen or so billion dollars heaped on top of that pile? That’s the latest figure being thrown about in the seemingly never-ending series of complaints and settlements tied to the bank’s bad behavior in the home loan business. [More]

Which Credit Cards Have The Most Restrictions On Rewards?

Which Credit Cards Have The Most Restrictions On Rewards?

While many banks have nixed rewards programs for debit cards, credit card issuers still push these extras — things like cash-back, airline miles, and points that can be redeemed for purchases — as a way to attract new customers and retain existing cardholders. But when it comes time to earn or use those rewards, some cards are more friendly than others. [More]

Bank Of America Could End Investigations Into Its Troubled Mortgage Investments For $20B

Bank Of America Could End Investigations Into Its Troubled Mortgage Investments For $20B

There’s another new chapter being written in the ongoing saga known as the financial crisis. The Justice Department is aiming to make a deal, in the area of $20 billion, with Bank of America for the company’s part in selling troubled mortgage investments. But resolution doesn’t look to be happening anytime soon. [More]

Bank Of America Ordered To Repay Consumers $727M For Sketchy Marketing Practices

Bank Of America Ordered To Repay Consumers $727M For Sketchy Marketing Practices

Bank of America just received a hefty bill from the Consumer Financial Protection Bureau to repay $727 million to consumers wronged by the bank’s deceptive marketing practices regarding credit card add-on products. [More]

Bank Of America May Pay $800 Million For Questionable Credit Card Add-Ons

Bank Of America May Pay $800 Million For Questionable Credit Card Add-Ons

There’s another big legal bill on the horizon for Bank of America, as reports indicate the bank may soon agree to pay $800 million to settle allegations tied to sketchy add-on services for credit card customers. [More]

Comcast Cruises Past Verizon, Walmart Upsets Bank Of America In Worst Company Quarterfinal Action!

Comcast Cruises Past Verizon, Walmart Upsets Bank Of America In Worst Company Quarterfinal Action!

Worst Company In America Quarterfinal action kicked off this morning with a doozy of a double-header, one resulting in one of the tournament’s most decisive victories and the other going down to the wire in this year’s latest buzzer-beater bout. [More]

Time Warner Cable Ekes Out Another Win, To Face Monsanto In Worst Company Quarterfinals!

Time Warner Cable Ekes Out Another Win, To Face Monsanto In Worst Company Quarterfinals!

Two weeks ago, 32 bad businesses entered the Worst Company in America velodrome. But since they didn’t all bring their racing bikes with them, they just began beating the holy snot out of each other for our readers’ amusement. Giants fell, upstarts pulled upsets, and battle-hardened vets relived their glory days when they could more easily lay claim to the Golden Poo. Now, after two rounds of out-and-out, completely organized mayhem, eight contenders still stand, but to quote the greatest movie ever made in the history of films with the word “highlander” in the title: There can be only one. [More]