By Scott Baughman
Published: July 12,2011
Security breaches at banks are nothing new. Last week, thousands of Bank of America customers received letters warning them that their debit card numbers and checking accounts had been compromised by a security breach. Last year, when hackers cracked Citibank’s website, many security experts around the country agreed it was because of a huge flaw [...]
By Scott Baughman
Published: June 10,2011
Hold onto your wallet. It might be an antique in a few years. The world of online banking is not new, but now three of the industry’s biggest players, including Charlotte-based Bank of America, have joined forces to make money transfers happen more easily for their customers. Bank of America has teamed up with archrivals [...]
By Scott Baughman
Published: May 24,2011
Bank of America has tentatively agreed to a $410 million overdraft fee lawsuit settlement, according to court documents released Monday. The lawsuit was filed as a class action against some U.S. banks, but the Charlotte-based banking titan is the first to agree to the settlement. Florida District Court Judge James Lawrence King scheduled final approval for Nov. [...]
By The Associated Press
Published: March 31,2011
WASHINGTON — State attorneys general and federal officials held an all-day negotiating session Wednesday on the nation’s foreclosure crisis with five of the nation’s largest banks, seeking to resolve allegations of wrongdoing that law enforcement officials say have impacted millions of Americans facing foreclosure. Iowa Attorney General Tom Miller called the meeting at the Justice [...]
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