Bank of America sending notices of annual fees on some rewards credit cards to customersOctober 13th, 2009 BofA to charge annual fees on rewards credit cardsNEW YORK — Bank of America Corp. is sending notices to a limited number of customers that it will start charging an annual fee for some of its rewards credit cards starting next year.
Bank of America sending notices to customers about annual fees on some credit cardsOctober 13th, 2009 BofA to charge annual fees on some credit cardsNEW YORK — Bank of America Corp. said Tuesday it will charge a limited number of its credit card customers annual fees ranging from $29 to $99 starting next year.
Fed moves ahead on Congress' plan to better protect Americans from credit card abusesSeptember 30th, 2009 Fed moves ahead on credit card protection planWASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The proposal would generally bar rate increases during the first year after an account is opened.
American Express eliminates inactivity fee from gift cardsSeptember 30th, 2009 American Express drops gift card dormancy feeNEW YORK — At a time when credit and debit card fees are under fire, American Express Co. said Wednesday it will no longer charge monthly fees on its gift cards.
Bank of America backpedals on overdraft fees, puts cap on limits; JPMorgan also overhauls feesSeptember 22nd, 2009 Bank of America backpedals on overdraft feesNEW YORK — Bank of America Corp. said Tuesday it's capping the fees it charges customers for overdrawing their accounts, backpedaling on the hikes the company imposed just this year.
Bank of America backpedals on overdraft fees, puts cap on limits; JPMorgan also reducing feesSeptember 22nd, 2009 Bank of America, JPMorgan overhaul overdraft feesNEW YORK — As lawmakers prepare to implement sweeping credit card reforms, Bank of America Corp. and JPMorgan Chase & Co.
Bank of America names Andrew Plepler its new consumer policy executiveSeptember 9th, 2009 Bank of America names head of consumer policyCHARLOTTE, N.C. — Bank of America Corp.
Defaults on Bank of America credit cards dip in July, delinquencies improveAugust 17th, 2009 BofA credit card defaults edge lower in JulyNEW YORK — Bank of America Corp. said Monday that credit card losses and delinquencies edged lower in July.
Defaults on Bank of America credit cards edge higher, delinquencies improve; shares dipAugust 17th, 2009 BofA credit card defaults edge higher in JulyNEW YORK — Bank of America Corp. said Monday that defaults on its credit cards edged higher in July, but delinquencies declined.
Summary Box: Arbitration key in union bill dispute in CongressJuly 28th, 2009 Summary Box: Arbitration key in union bill disputeSHIFTING DEBATE: The clash over a bill that would make it easier to form unions is shifting as labor leaders and lawmakers try to fashion a compromise that can garner 60 votes in the Senate. CARD CHECK DROPPING? For months, business groups have focused on the bill's "card check" plan that would let workers sign cards to organize unions instead of voting by secret ballot.
Taking credit card companies to court: Regulations would ban arbitration clausesJuly 23rd, 2009 Credit cardholders could have more say in courtNEW YORK — When handling consumer disputes, credit card companies have a critical tool for keeping down legal costs: The option to avoid court and go to arbitration. Unbeknownst to many consumers, card agreements typically include an arbitration clause that waives a card holder's right to sue.
Say goodbye to fixed-rate cards; 2 major banks switching terms in months leading up to reformsJuly 10th, 2009 Credit card pain: Some say goodbye to fixed ratesNEW YORK — It could be time to kiss fixed-rate credit cards goodbye. Two of the biggest issuers in the nation — Bank of America and Chase — say they're switching some fixed-rate cards to variable rates to manage costs in light of the sweeping new reforms to the credit card industry.
Say goodbye to fixed-rate cards; 2 major banks switching terms in months leading up to reformsJuly 10th, 2009 Credit card pain: Some say goodbye to fixed ratesNEW YORK — It could be time to kiss fixed-rate credit cards goodbye. Two of the biggest issuers in the nation — Bank of America and Chase — say they're switching some fixed-rate cards to variable rates to manage costs in light of the sweeping new reforms to the credit card industry.
Bank of America denies accusations that retail banking practices are 'anti-consumer'July 1st, 2009 BofA denies that practices hurt consumersWASHINGTON — Bank of America Corp. denied accusations that its retail practices pressure consumers into needlessly costly products that contributed to the credit crisis.
BofA drops Countrywide name, rebrands mortgage operations as Bank of America Home LoansApril 27th, 2009 Bank of America rebrands mortgage operationsNEW YORK — Bank of America Corp. has officially dropped the Countrywide Home Loans name as part of its integration of the mortgage lender, which was acquired last year.