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Tag Archives: Bank of America

TODD SMITH — The most popular brands in each state


Public relations and marketing agencies make it a priority to identify the nation’s regional brand tastes – why people choose Coca-Cola over Pepsi, or Ford over Chrysler – in one part of the country over another. While the volumes of marketing research can point to the brands that are held in high regard in a given state – and why ...

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Target offers card holders free credit monitoring as fraud reaction grows

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 million customer credit cards. In ...

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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. The financial companies were forced ...

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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 servicing practices, Hood said soon ...

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Foreclosure fraud deal offers payments to displaced homeowners

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 settles charges of systemic and ...

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

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 — Bank of America, JPMorgan ...

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

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 to show dissatisfaction with the ...

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What next for banks after failed debit fee experiment?

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 at about the same time ...

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