Bank of America

The U.S. Department of Labor fined Bank of America  $2.2 million in back wages and interest, after 1,147 African-American job seekers claimed to have dealt with discriminatory hiring practices…

The 2013 Pride Awards was held Saturday night at the Westin Hotel. Hundreds came out to support Dee Dixon and Pride Magazine as they celebrated…

During this foreclosure crisis, we’ve seen a lot stories about incompetence and missteps by banks and loan servicers. Just this week, the federal government announced that homeowners who may have suffered improper foreclosures could ask to have their cases reviewed. But it won’t take a review to reveal this error: Bank of America tried to […]

Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat from such a fee. Bank of America announced the fee — which would have exempted premium account holders but applied to all standard account holders who made a […]

Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants. Paying to use a debit […]

  Wells Fargo Bank isn’t the only bank charging a fee for using debit cards.  Now, Suntrust Bank is charging its customers a $5 a month fee on debit card use. And, Bank of America will charge a $5 debit card usage fee. Banks are looking to recoup some money lost under the federal government’s […]

Home prices have been falling for months, sending us into a second housing shock. Home values are almost down to what they were back in 2002. A key factor bringing down prices – and holding back the recovery – is the huge number of foreclosed houses. Many of them are stuck on the market for […]