Today, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for botching the disbursement of state unemployment benefits at the height of the pandemic. Bank of America automatically and unlawfully froze people’s accounts with a faulty fraud detection program, and then gave them little recourse when there was, in fact, no fraud. …
Question: Dear Steve, In 2011, I lost my job and could not pay on an unsecured credit card from Bank of America that was approximately $25,000. Since then, I have been working, and last October refinanced my house to pay off other debt and do some major home repairs. I also received some inheritance (about …
Question: Dear Steve, ~$60k credit card debt with BofA 700 credit score Never been late on any payments of anything What options do I have to negotiate credit card debt right now. I was told that I could get BofA to go down to 1% APR on my remaining balances. As long as all of …
Typing your credit card number when making an online purchase can be a nerve-wracking experience. What if a hacker is “watching” and is able to obtain your personal financial information? Luckily, a product called a “virtual credit card” has been developed to help out in these situations. Here’s how a virtual credit card can help protect …
Date Received: 2018-12-19T00:00:00.000 Product: Credit card debt Issue: Attempts to collect debt not owed Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: Bank of America says I have ” residual interest due ” even though I paid the account on time, by the due date, in full. How is that possible? Although the …
Date Received: 2018-11-29T00:00:00 Product: Mortgage debt Issue: Attempts to collect debt not owed Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: OWR NOTICE OF ERROR 524 Injunction : Bank of America per the enclosed exhibits did not adjust my mortgage on the agreed date to be compliant with the court order reaffirmation agreement. …
Date Received: 2018-11-09T00:00:00 Product: I do not know Issue: Attempts to collect debt not owed Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: I received a call from XXXX XXXX XXXX ( XXXX ) XXXX about an unpaid debt and was threatened with litigation. When I tried it to get the details of …
Date Received: 2018-10-31T00:00:00 Product: Credit card debt Issue: Attempts to collect debt not owed Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: Bank of America checking account says I owe XXXX Im not aware of. Says something dealing with a fraud but they say I have to pay. Im trying to open account …
Date Received: 2018-11-01T00:00:00 Product: Other debt Issue: Communication tactics Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: This company has called my father-in-law and us repeatedly stating that we owe a debt from an overdrawn Bank of America account ( which we never had ). They leave threatening messages and were extremely abusive …
Date Received: 2018-10-25T00:00:00 Product: Mortgage debt Issue: Attempts to collect debt not owed Consumer Consent Provided to Share Complaint: Consent provided Consumer Complaint: 524 Injunction : Bank of America per the enclosed exhibits did not adjust my mortgage on the agreed date to be compliant with the court order reaffirmation agreement. BAC kept sending me …
