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Tag Archives: bank of america

Bank of America – CFPB Complaint – 1297567

CFPB Consumer Complaints

Consumer Said: “I deposited a third party check into my account through an A.T.M machine at my financial institution Bank of America on XX/XX/2015 for the amount of XXXX {$.00} The receipt stated that there would be a two day hold on the check. I waited for three days and started to pay some bills trying to pay off credit ... Read More »

    Bank of America – CFPB Complaint – 1291225

    CFPB Consumer Complaints

    Consumer Said: “This bank of america, gave all my money without letting me know to a some type of collection agency because they said that they receive a letter from a lawyer to take all my money and hold all my assests. Which they cant even tell me whom i owed with? First of all i dont owed anything that ... Read More »

      Bank of America – CFPB Complaint – 1294735

      CFPB Consumer Complaints

      Consumer Said: “I just had the worst experience with a bank branch manager. I was trying to cash a check from my dad and XXXX who says she ‘s a branch manager refused the cashed the check. I told her that I would file a complaint and remember her name and instead of acting in a professional manner and controlling ... Read More »

        Former Bank of America Vice President in Las Vegas Pleads Guilty to Misapplication of Bank Funds

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        A former senior vice president of Bank of America (BOA) in Las Vegas pleaded guilty today to misapplication of bank funds in a scheme that led to over $6.4 million in losses to BOA on two business-related loans. Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, ... Read More »

          My Bank Agreed to Settle My Credit Card Debt But Now Wants More

          Missing Concept.

          “Dear Michael, I have secured loans on a horse trailer and a John Deere tractor which I am current on paying. I have an unsecured master card with Bank of America. I suffered a fire 2 years ago & lost a part of my home, etc. I used my credit card to rebuild with a total of $31,000. I contacted ... Read More »

            Foreclosure and Bank of America Walked Away From My Mortgage

            Abstract Image of Business People Walking on the Street

            “Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »

              U.S. Fines Bank of America for Hustling Mortgage Loans

              Real Estate Concept

              U.S. District Judge Jed S. Rakoff yesterday ordered Bank of America to pay a significant civil penalty of $1.27 billion for fraud it committed before and during the time taxpayers invested $45 billion in the bank through the TARP bailout. Additionally, former Bank of America executive Rebecca Mairone was ordered to pay a civil penalty of $1 million to the ... Read More »

                Bank of America to Pay $727 Million for Illegal Credit Card Practices

                Happy people celebrating with money raining

                The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America, N.A. and FIA Card Services, N.A. to provide an estimated $727 million in relief to consumers harmed by practices related to credit card add-on products. Roughly 1.4 million consumers were affected by Bank of America’s deceptive marketing of their add-on products. Bank of America also illegally charged approximately 1.9 ... Read More »

                  How Creditors Rate at Helping Consumers Settle Debt

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                  Michael Bovee, over on his Debt Relief and Credit Guides site has published a very good guide for people about how the major creditors are at providing settlements for problem debt. It’s a really good list and it ranks Chase, Bank of America, Wells Fargo, Discover Card, Citibank, Capital One, and American Express. For example, Bovee revels the best creditor ... Read More »

                    Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

                    Screen Shot 2013-07-29 at 5.05.45 PM

                    When if the Debt Relief Bureau, not the Debt Relief Bureau? When you get a flyer in the mail from an anonymous source promising you help to get out of debt. An amazing reader Tish sent in a new debt relief mailer through my I Buy Junk Mail program. Well here is another anonymous mailer sent to a consumer that ... Read More »

                      Bank of America Employees Allegedly Rewarded for Foreclosing

                      Business Meeting

                      Paul Kiel ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. The employee statements were filed late last week in federal court in Boston as part of a multi-state class action suit brought on behalf ... Read More »

                        Quicken Loans Keeps Calling Me After Turning Us Down. – Jeffrey

                        husband wife

                        “Dear Steve, We have an upside down mortgage. In order to make mortgage payments we pretty much maxed the credit cards. We were told by Bank of America the only reason we did not qualify for HARP was b/c we were 30 days late paying June 2012’s mortgage. They told us that since we did not have any other lates ... Read More »

                          My Bank is Stringing Me Alone to Modify My Mortgage in HARP. – Maryanne

                          Loan Modification Green Road Sign with dramatic clouds and sky.

                          “Dear Steve, We have a fannie mae loan that is serviced by Bank of America. Last year when we realized we were not going to continue with payments we contacted the bank and filled out a modification form. We were turned down because our loan was not imminent. We were then told by our customer service rep that we might ... Read More »

                            Bank of America Says I Can Opt Out of My Debt Settlement. – Eric

                            emergency exit

                            “Dear Steve, I am in an debt settlement program and have negotiated a settlement with a creditor Band of America. I have a question for you concerning a settlement agreement that I have with BOA. In the Settlement letter is says “As required by federal law we will honor you opt out request with in 30 days.” Does this mean ... Read More »

                              Billions Now Available for Foreclosure Victims. Banks to Notify Consumers.

                              home foreclosure legal document with house key

                              Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers. The sum includes $3.3 billion in ... Read More »

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