Tag Archives: Bank of America

Target offers card holders free credit monitoring as fraud reaction grows

January 17, 2014

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Target’s recent effort to regain the trust of its shoppers after a credit card security breach seems to have backfired. Customers, it seems, are still on edge when it comes to the retailer, the Huffington Post reports. The company was the victim of a security breach during the holiday shopping season that compromised around 40 […]

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Attorney general creates foreclosure prevention group

July 16, 2012

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Attorney General Jim Hood has announced the creation of the  “Mississippi Foreclosure Prevention Consortium” to assist homeowners who are struggling as a result of the foreclosure crisis. “The consortium was created through funding from the National Mortgage Settlement that was entered into earlier this year with the nation’s five largest mortgage servicers,” the General Hood’s office. […]

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Foreclosure fraud deal offers payments to displaced homeowners

February 9, 2012

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Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal […]

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

February 8, 2012

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WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks […]

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Antics of big banks give credit unions, community banks early holiday gift

November 20, 2011

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Mississippi credit unions saw ‘some activity’ from ‘Bank Transfer Day’ while community bank Renasant grew accounts in state markets by 32 percent Breaking up isn’t so hard to do, after all. At least that’s what the Credit Union National Association reported a few days after the Nov. 5 national “Bank Transfer Day,” a protest staged […]

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What next for banks after failed debit fee experiment?

November 13, 2011

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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 […]

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Bank of America joins parade of banks dropping debit fees

November 1, 2011

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Hoping to head off a customer uprising, Bank of America became the latest U.S. banking giant to drop plans for charging customers monthly fees for debit card use. The Charlotte financial services company had planned to initiate a $5 fee at some point in 2012. But after Wells Fargo, Chase, SunTrust and Regions eliminated fees […]

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Customer ‘feedback’ leads Regions, SunTrust, Wells Fargo to end debit card fees

October 31, 2011

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Regions Bank and SunTrust customers in Mississippi and elsewhere can say goodbye to the monthly debit card fees the banks assessed for using the card for making purchases. The Birmingham-based Regions, which holds the largest bank market share in Mississippi, followed SunTrust, Wells Fargo and Chase Bank in pulling the plug on the fees. Regions […]

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New security threat: Banks as information gatekeepers

December 27, 2010

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By Ted Carter How far does the right to refuse service go? The New York Times posed this question in an editorial Sunday after Bank of America joined Visa, MasterCard and PayPal in refusing to accept payments designated as contributions to America’s newest villain – Wikileaks. Wikileaks has been busy leaking tens of thousands of […]

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