We support reforms to the financial marketplace to curb bad practices by banks and lenders.
bank of america
CU: Bank of America should drop latest fee scheme
Bank of America is testing new monthly fees that could be rolled out nationally soon
Categories: Banking, CFPB
Tags: bank fee project, bank of america, checks, tips, video
Bank Fee Alert: BoA Trying Again!
The Wall Street Journal is reporting that Bank of America is considering plans to charge new monthly fees to its customers unless they bank online, hold a mortgage with the bank, or meet other conditions. The bank is reportedly testing the new monthly fees in Arizona, Georgia, and Massachusetts with an eye on rolling Continue Reading
Categories: Banking
Tags: bank fees, bank of america, new fee
January Bank Alert!
We all remember last fall when Bank of America and other big banks backed off from plans to charge customers a monthly fee for using a debit card to access their own money from their checking account. Even BoA admits that consumers deserve the credit for this victory (although they don’t use those words). Massive Continue Reading
Categories: Banking
Tags: $5 fee, bank fee project, bank of america, debit cards
$5 Debit Fee: Did Bank of America Really Get the Message?
The Street is reporting that three months after it abandoned plans to charge a $5 monthly debt card fee, Bank of America is now admitting that its fee scheme caused many customers to close their accounts. B of A CEO Brian Moynihan recently noted “an elevated level of account closings” in the final Continue Reading
Categories: Banking
Tags: $5 fee, bank of america
