Don't Bank of America go to court in November for overdraft charges to many of their account holders? What is the story on that?
What difference does it matter? No one is going to jail.
They will be slapped with a penalty, possibly be forced to payback certain monies, but when they only have to payback $200 million while reap $1 Billion or more....what difference does it really matter in the end.
They were able to leverage the money they weren't supposed to get into tens of billions of dollars by the time they get the slap on the wrist.
It's time to wake up people!
Yeah, it is long since time to wake up from the committee directives and legislative influence of over a decade of the financially critical and influential liberals Barney and Dodd.............jail?? Hmmm........ Call to Wake UP.....a High Five........
The Wall Street banksters are worse than the Mafia.
That is why they are raising there fees. I hope they lose a ton of buisness.
With BOA adding debit card fees (and other serious issues), the best thing account holders can do is close their accounts and go with a credit union or a smaller bank.
Thanks for all your answers,it is very fulfilling.
and so they will, Paul - I have no doubt!
Rather than charging the customers to recuperate losses resulting from bad decision and fraudulent actions, they should froze the accounts of their executives who created the mess in the first place
I think they are making a number of changes right now in regards to banking fees. For instance, I think not only are they charging monthly fees now on accounts with only a certain balance, but they are also going to start charging $5 for debit cards.
Another reason to switch to a Credit Union. Although you of course want to research the credit union first, I can not imagine using one of these sorts of banks by choice!
Rely I don;t think that they are that worried, no one is going to jail, the punishment, if any will be less than any rewards the achieved. That's why they continue to do it. In reality lots of people will rant and rave about it, but they won;y lose that many customers. Look at all the other sneaky BS they've pulled. If they did make mistakes that hurt their business then they always have Uncle Sam to bail them out.
B of A's reasoning for the increased fees is a result of Dodd Frank. Why do banks feel that they are entitled to a certain amount of profit? Guess what? YOUR NOT! You can't pass everything on to the customer,your multi- million dollar paydays are over. I feel bad for all of the laid off hourly workers there will be, but pull your money out of B of A and crash it. Let's teach the other greedy bankster's a lesson while were at it.
by Stacie L 7 years ago
More ridiculous arrests coming out of New York today, as Citibank proves it's just as bad, or even worse than Bank of America in how it treats its customers. Earlier today, about two dozen people formed a queue inside the Citibank building in order to close their accounts as a part of the Occupy...
by Person of Interest 7 years ago
I mean seriously."NEW YORK (AP) -- Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases. The fee will be rolled out starting early next year."http://finance.yahoo.com/news/Bank-of-A … 25092.html
by Joseph De Cross 7 years ago
Bank of America Corp., based in Charlotte, N.C., is the largest U.S. bank by deposits and has 29 million online customers. As of today tuesday is still having issues, the longest one in decades. What do you think is going on?
by Daniel Carter 8 years ago
I noted on the news last night that congress is trying to control bank interest rate hikes, and other predatory practices, at the same time that banks are countering such moves as quickly as they can with sudden new hidden an announced fees. So the madness continues. I've been trying to refi my...
by American_Choices 5 years ago
Mortgage through a credit union or a bank?What are the pros and cons? Have you considered or shopped a mortgage at your local credit union? Are you a member of a credit union yet choose a bank for your home mortgage? Why or why not?
by chan0512 5 years ago
What do you prefer to use Credit Union or Bank?I have done some research and it seems CU has less fees. What do you think?
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