Bank of America http://www.npr.org Bank of America en Copyright 2013 NPR - For Personal Use Only NPR API RSS Generator 0.94 Tue, 18 Jun 2013 17:24:00 -0400 http://media.npr.org/images/npr_news_123x20.gif Bank of America http://www.npr.org 'We Were Told To Lie,' Say Bank Of America Employees Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report. Tue, 18 Jun 2013 17:24:00 -0400 http://www.npr.org/blogs/thetwo-way/2013/06/18/193196756/we-were-told-to-lie-say-bank-of-america-employees?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2013/06/18/193196756/we-were-told-to-lie-say-bank-of-america-employees?ft=1&f=125951635 Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.

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]]> Bank Of America To Pay Fannie Mae $3.6B, Buy Back $6.75B In Mortgages The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses. Mon, 07 Jan 2013 08:00:00 -0500 http://www.npr.org/blogs/thetwo-way/2013/01/07/168776572/bank-of-america-to-pay-fannie-mae-3-6b-buy-back-6-75b-in-mortgages?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2013/01/07/168776572/bank-of-america-to-pay-fannie-mae-3-6b-buy-back-6-75b-in-mortgages?ft=1&f=125951635 The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses.

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]]> Bank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit Disgruntled investors alleged that the bank misled them about its acquisition of Merrill Lynch. The bank has not admitted doing anything wrong, but is moving to put the lawsuit behind it. Fri, 28 Sep 2012 09:33:00 -0400 http://www.npr.org/blogs/thetwo-way/2012/09/28/161944058/bank-of-america-to-pay-2-43-billion-to-settle-class-action-lawsuit?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2012/09/28/161944058/bank-of-america-to-pay-2-43-billion-to-settle-class-action-lawsuit?ft=1&f=125951635 Disgruntled investors alleged that the bank misled them about its acquisition of Merrill Lynch. The bank has not admitted doing anything wrong, but is moving to put the lawsuit behind it.

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]]> Verizon Backs Down From Plans To Charge $2 For Online, Phone Payments Verizon said it was scrapping its plans because of customer feedback. The fee caused an uproar on the Internet. Fri, 30 Dec 2011 07:55:00 -0500 http://www.npr.org/blogs/thetwo-way/2011/12/30/144473701/outrage-over-verizons-plan-for-2-payment-fee?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/12/30/144473701/outrage-over-verizons-plan-for-2-payment-fee?ft=1&f=125951635 Verizon said it was scrapping its plans because of customer feedback. The fee caused an uproar on the Internet.

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]]> Bank Of America Dropping Plan For $5 Monthly Debit-Card Fee The bank's plan to charge many customers if they use the cards to make purchases was not popular. Other institutions had decided not to follow after seeing the backlash. Tue, 01 Nov 2011 12:00:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/11/01/141903688/bank-of-america-dropping-plan-for-5-monthly-debit-card-fee?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/11/01/141903688/bank-of-america-dropping-plan-for-5-monthly-debit-card-fee?ft=1&f=125951635 The bank's plan to charge many customers if they use the cards to make purchases was not popular. Other institutions had decided not to follow after seeing the backlash.

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]]> Bank Of America Reports $6.2 Billion Profit But results were boosted by several one-time-only factors, including cost-cutting efforts and asset sales. Tue, 18 Oct 2011 09:30:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/10/18/141454183/bank-of-america-reports-6-2-billion-profit?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/10/18/141454183/bank-of-america-reports-6-2-billion-profit?ft=1&f=125951635 But results were boosted by several one-time-only factors, including cost-cutting efforts and asset sales.

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]]> Bank Of America Is 'Sticking It' To Customers, Senator Says The No. 2 Democrat in the Senate doesn't like the bank's plan to charge many debit card customers $5 a month. Fri, 30 Sep 2011 11:45:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/09/30/140950546/bank-of-america-is-sticking-it-to-customers-senator-says?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/09/30/140950546/bank-of-america-is-sticking-it-to-customers-senator-says?ft=1&f=125951635 The No. 2 Democrat in the Senate doesn't like the bank's plan to charge many debit card customers $5 a month.

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]]> Bank Of America's $5 Per Month Debit-Card Fee Is Sign Of The Times The fee and other changes are ways for banks to recoup some of the money they won't be able to charge merchants anymore. Experts' advice: Shop around for the best deal on a debit card. Thu, 29 Sep 2011 14:10:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/09/29/140927572/bank-of-americas-5-per-month-debit-card-fee-is-sign-of-the-times?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/09/29/140927572/bank-of-americas-5-per-month-debit-card-fee-is-sign-of-the-times?ft=1&f=125951635 The fee and other changes are ways for banks to recoup some of the money they won't be able to charge merchants anymore. Experts' advice: Shop around for the best deal on a debit card.

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]]> Warren Buffett Invests $5 Billion In Bank Of America; Stock Soars The billionaire is helping the ailing bank in much the same way he assisted Goldman Sachs during the 2008-09 financial crisis. Thu, 25 Aug 2011 09:40:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/08/25/139940407/warren-buffett-invests-5-billion-in-bank-of-america-stock-soars?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/08/25/139940407/warren-buffett-invests-5-billion-in-bank-of-america-stock-soars?ft=1&f=125951635 The billionaire is helping the ailing bank in much the same way he assisted Goldman Sachs during the 2008-09 financial crisis.

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]]> Bank Of America Exec Overheard Telling Rick Perry: 'We'll Help You Out.' Kudos to the Zero Hedge finance blog for reporting on a moment captured by C-SPAN, a Bank of America executive walking up to Texas Gov. Rick Perry after a New Hampshire event and saying loudly enough to be picked up on mic, "Bank of America. We will help you out."Whoa, Nellie. What's that all about? Fri, 19 Aug 2011 18:45:00 -0400 http://www.npr.org/blogs/itsallpolitics/2011/08/19/139804575/bank-of-america-exec-overheard-telling-rick-perry-well-help-you?ft=1&f=125951635 http://www.npr.org/blogs/itsallpolitics/2011/08/19/139804575/bank-of-america-exec-overheard-telling-rick-perry-well-help-you?ft=1&f=125951635 Kudos to the Zero Hedge finance blog for reporting on a moment captured by C-SPAN, a Bank of America executive walking up to Texas Gov. Rick Perry after a New Hampshire event and saying loudly enough to be picked up on mic, "Bank of America. We will help you out."Whoa, Nellie. What's that all about?

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]]> Stock Futures Point Down; New Attacks In Afghanistan, Pakistan Markets were down earlier today in Asia and Europe. Gold rose again. Meanwhile, there have been more deadly suicide attacks in central Asia. And, Bank of America says it is eliminating about 3,500 jobs. Fri, 19 Aug 2011 07:00:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/08/19/139778550/stock-futures-point-down-new-attacks-in-afghanistan-pakistan?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/08/19/139778550/stock-futures-point-down-new-attacks-in-afghanistan-pakistan?ft=1&f=125951635 Markets were down earlier today in Asia and Europe. Gold rose again. Meanwhile, there have been more deadly suicide attacks in central Asia. And, Bank of America says it is eliminating about 3,500 jobs.

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]]> Bank Of America To Pay $8.5 Billion To Settle Mortgage Claims Institutional investors said that BofA's Countrywide unit ran up fees as it continued to service bad loans that should have been foreclosed. Wed, 29 Jun 2011 07:34:00 -0400 http://www.npr.org/blogs/thetwo-way/2011/06/29/137492732/bank-of-america-to-pay-8-5-billion-to-settle-mortgage-claims?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/06/29/137492732/bank-of-america-to-pay-8-5-billion-to-settle-mortgage-claims?ft=1&f=125951635 Institutional investors said that BofA's Countrywide unit ran up fees as it continued to service bad loans that should have been foreclosed.

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]]> Report: Bank Of America Bracing For Potential WikiLeaks Document Dump According to <em>The New York Times </em>the bank has hired a consulting firm and gathered up to 20 bank officials to scour thousands of documents that could be made public. Mon, 03 Jan 2011 12:37:00 -0500 http://www.npr.org/blogs/thetwo-way/2011/01/03/132623193/report-bank-of-america-bracing-for-wikileak-document-dump?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2011/01/03/132623193/report-bank-of-america-bracing-for-wikileak-document-dump?ft=1&f=125951635 According to The New York Times the bank has hired a consulting firm and gathered up to 20 bank officials to scour thousands of documents that could be made public.

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]]> Bank Of America Stock Steadies After WikiLeaks-Related Drop Investors' fears that the whistle-blowing website might have damaging information hurt the bank's stock Tuesday. Bank of America says it has "no evidence" that WikiLeaks has any such data. Wed, 01 Dec 2010 12:33:00 -0500 http://www.npr.org/blogs/thetwo-way/2010/12/01/131727190/bank-of-america-stock-steadies-after-wikileaks-related-drop?ft=1&f=125951635 http://www.npr.org/blogs/thetwo-way/2010/12/01/131727190/bank-of-america-stock-steadies-after-wikileaks-related-drop?ft=1&f=125951635 Investors' fears that the whistle-blowing website might have damaging information hurt the bank's stock Tuesday. Bank of America says it has "no evidence" that WikiLeaks has any such data.

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]]> Drama On Wall Street: Tell Us More How are you processing Wall Street's meltdown? Tell us more ... fast! Mon, 15 Sep 2008 17:08:00 -0400 http://www.npr.org/blogs/tellmemore/2008/09/drama_on_wall_street_tell_us_m.html?ft=1&f=125951635 http://www.npr.org/blogs/tellmemore/2008/09/drama_on_wall_street_tell_us_m.html?ft=1&f=125951635 How are you processing Wall Street's meltdown? Tell us more ... fast!

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