Credit Cards News. Tag: 'bank of america'


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THIS is What Banks are Doing to Lure Customers?

THIS is What Banks are Doing to Lure Customers?

Either we have significantly underestimated the power of gambling in some folks or what the banks are doing isn’t even close to what consumers need; it’s sorely lacking a true sense of where the nation is when it comes to …



by CreditCardsCo

Bank of America Settles Lawsuit, Hit With Another

Bank of America Settles Lawsuit, Hit With Another

We’ve been watching the overwhelming number of lawsuits being filed against the nation’s biggest banks. Seems like for every one that’s settled, there’s another waiting in the wings. Bank of America isn’t immune to these legal quagmires.



by Brian Weston

It’s a Bad Week to Be a Bank

It’s a Bad Week to Be a Bank

You can imagine the brouhaha many bank CEOs are cursing at this very moment. They have more than 300 new servicing standards as part of that massive $25 billion mortgage settlement and they’re in the spotlight.



by Joanne Lee

Guns, Credit, 2nd Amend & Victims: GE Capital Bails

Guns, Credit, 2nd Amend & Victims: GE Capital Bails

It’s a tough quagmire and surprisingly, it would appear some companies are actually bailing on the opportunity to turn a profit in lieu of the human condition. GE Capital is just one more lender that says it’s out of the …



by Scott Townsend

Ready for Correct Change, Video Chat With Your ATM?

Ready for Correct Change, Video Chat With Your ATM?

It was just a matter of time before all eyes turned to the technological advances found in our ATMs. At one time, in the not so distant past, ATMs served one purpose: withdraw cash. Initially, consumers couldn’t even deposit a …



by Carolyn Spiel

Foreclosure Class Action Suits to Come?

Foreclosure Class Action Suits to Come?

For those who have been waiting for years for their checks from the Independent Foreclosure Review began receiving them this week. And those recipients are furious and are now considering a class action lawsuit against the banks that were found …



by Joanne Lee

More Cyberattacks on Banks, Change is Overdue

More Cyberattacks on Banks, Change is Overdue

Several months ago, there began an extensive and exhausting assault levied against American banks. These denial of service attacks proved frustrating and overwhelming not only for banks, but for consumers who were often greeted with a message stating they would …



by Scott Townsend

MasterCard “Chips” Away Liability

MasterCard “Chips” Away Liability

For quite some time, consumers have shopped with more confidence with their credit cards knowing that if their cards are stolen or their accounts hacked, they will have little, if any, of the liability associated with stolen credit.



by Carolyn Spiel

3 Face Charges for Targeting Bank Accounts

3 Face Charges for Targeting Bank Accounts

Prosecutors in the U.S. charged three foreign nationals on Wednesday and allegations include targeting and distributing viruses that infected 1 million computers around the globe; 40,000 of which were in the U.S.



by Scott Townsend

New Bank ATMs Allow $1 and $5 Bills

New Bank ATMs Allow $1 and $5 Bills

A couple of the country’s biggest banks are in the process of introducing new ATMs that allow their customers to withdraw in increments of $1 and $5. Is this a good idea or just another way for big banks to …



by CreditCardsCo

Wal Mart Mortgages?

Wal Mart Mortgages?

Would you go for a mortgage offered by Wal Mart? Turns out, many of us would. Even though the perceived risk of a big U.S. bank failure has receded in recent years, many of us still don’t trust them and …



by Scott Townsend

Square Competition: BoA Enters Market

Square Competition: BoA Enters Market

Look out Square, Bank of America is launching its version of credit card and debit card swiping devices for smartphones. Its version, Mobile Pay on Demand, is being marketed through the massive bank’s Atlanta division and is calling it a …



by Carolyn Spiel




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