Posts Tagged ‘Bank of America’

State grabs $7.7M of foreclosure settlement

The mortgage foreclosure fiasco has turned out to be a bonanza of sorts for Mississippi state government. Mississippi’s general fund will receive a $7.7 cash infusion from the national legal settlement state Attorney General Jim Hood and 48 other attorneys general negotiated with giant mortgage servicers Bank of America, Citi, Chase, GMAC and Wells Fargo. […] [...]

Fewer than 5,000 Mississippi foreclosed homeowners to get financial settlements

About 4,235 Mississippi homebuyers whose homes were foreclosed on may be eligible for cash payments under a national settlement reached with five giant banks for fraudulent foreclosure practices, Attorney General Jim Hood’s office said. The national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan […] [...]

What next for banks after failed debit fee experiment?

by Ted Carter Published: November 13,2011

Tags: Bank of America, Banks, Chase, debit fee, debit-card, Regions, SunTrust, Wells Fargo

Dead in a near blink of an eye. That’s how history will chronicle the big idea banks had for ginning up revenue through a monthly fee to customers for debit-card transactions. Perhaps you can blame awful timing. Parks in cities across the nation began filling up with protests against Wall Street and the banking system […] [...]

Banks pledge $20 billion hike in lending to small business

Regions Bank, Wells Fargo and 11 other large banks have committed to increase lending for small businesses by a combined $20 billion over the next three years. The banks made the announcement at a press conference joined by Vice President Joe Biden and Small Business Administration Administrator Karen Mills John Asbury, head of Business Services […] [...]

Say goodbye to traditional free checking

by Associated Press Published: October 20,2010

Tags: Bank of America, financial reform

NEW YORK — Free checking as we know it is ending. The days when you could walk into a bank branch and open an account with no charges and no strings attached appear to be over. Now you have to jump through some hoops – keep a high balance, use direct deposit or swipe your […] [...]

Old Columbus Lumber Co. giving way to new owner

BROOKHAVEN — Eddie Nelson slows the big loader to a stop and steps down from its air-conditioned cab into the wet heat of high noon. Red and yellow hardhats move in and out of dark corners all around him as he walks slowly across the spongy ground, soft with mud and sawdust and woodchips that […] [...]

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