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17 Aug 2011, 7:34 pm by Kevin Funnell
“Yet again, another line in the sand from Bank of America turns out to be fungible,” Tony Plath, a finance professor at UNC Charlotte, told Bloomberg News. [read post]
17 Aug 2011, 7:03 pm
., borrower Karen Cappuccio sued under TILA, arguing that lenders First Magnus Financial and Countrywide Financial (now owned by Bank of America) and broker Prime Capital Funding deceived her about the type of loan she was taking out and did not provide adequate notice of her TILA right to rescind the loan. [read post]
17 Aug 2011, 3:07 pm by James Hamilton
After reviewing the whistleblower’s letter and supporting documents, Senator Grassley sent the letter to the SEC seeking a full accounting of any document destruction policies, including whether the allegations are correct that the SEC destroyed documents related to Bernard Madoff, Goldman Sachs, Wells Fargo, Bank of America, Deutsche Bank, Lehman Brothers, and SAC Capital. [read post]
17 Aug 2011, 7:07 am
Organized crime menaces Central America. [read post]
17 Aug 2011, 5:34 am by Brian Wolfman
A new study by the Consumer Federation of America (CFA) of the 14 largest U.S. banks shows that the average fee is about $35, and many big banks will hit consumers with multiple fees per day, one for each overdraft. [read post]
17 Aug 2011, 5:34 am by Brian Wolfman
A new study by the Consumer Federation of America (CFA) of the 14 largest U.S. banks shows that the average fee is about $35, and many big banks will hit consumers with multiple fees per day, one for each overdraft. [read post]
17 Aug 2011, 2:00 am by Kara OBrien
and that [Bank of America Merrill Lynch][the Board’s financial advisor] and [its] affiliates have in the past provided, currently are providing, and in the future may provide investment banking, commercial banking and other financial services to Citigroup, Inc. . . . and certain of its affiliate and affiliates of [CVCI] . . . , and have received or in the future may receive compensation for rendering these services . . . [read post]
16 Aug 2011, 7:50 pm by Kevin Funnell
In a recent column for Forbes, Francine opines that Fannie Mae's recent agreement to purchase from Bank of America the servicing rights to $73 billion in mortgage loans fooled no one. [read post]
A sale of the Merrill Lynch real estate holdings would be the latest move by Bank of America to shed noncore assets and raise additional capital. [read post]
16 Aug 2011, 7:15 am by jbyrne
 When the lawyer received the check, the lawyer would deposit it, and would wire the funds to an Asian bank. [read post]
Middle class America didn't cause this problem, and Middle class America shouldn't pay for it. [read post]