Bank of America vows not to change credit card rates before FebruaryOctober 6th, 2009 BofA: Credit card rates won't go up ahead of lawNEW YORK — Bank of America Corp. on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.
TD Bank says it will refund fees charged after an inconvenient computer glitchOctober 2nd, 2009 TD Bank says it will refund fees from glitchCHERRY HILL, N.J. — TD Bank says it will reimburse customers who incur fees because of computer problems that have delayed transaction postings all week.
Regions Bank joins growing list of banks changing overdraft policyOctober 1st, 2009 Regions Bank latest to change overdraft policyBIRMINGHAM, Ala. — Regions Bank on Thursday became the latest bank to ease its overdraft fees and policies, as federal scrutiny intensifies over the programs.
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.
Meltdown 101: Navigating bank overdraft fees, and understanding the changes down the roadSeptember 25th, 2009 Meltdown 101: Navigating bank overdraft feesNEW YORK — Overdraft programs for checking accounts are now an industry standard, meaning most bank customers can accidentally spend more money than they have — and will be charged a fee when they do. Consumer advocates agree that these policies are rarely a good deal for customers.
US Bank becomes latest bank to relax account overdraft policies, following BofA, JPMorganSeptember 24th, 2009 US Bank also plans to ease overdraft penaltiesMINNEAPOLIS — U.S. Bank on Thursday became the latest financial institution to back off on the penalties customers face for overdrafting their accounts.
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 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.
Regulations aimed at making credit card policies clearer may reveal higher fees, ratesAugust 19th, 2009 New credit card rules may reveal unwelcome detailsNEW YORK — The rules your credit card company operates by will start getting much clearer on Thursday. But just because you'll know what they're up to doesn't mean you're going to like what you learn.
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.
Bank of America drops required arbitration for consumer credit cardsAugust 14th, 2009 Bank of America drops arbitration requirementBank of America Corp. says it will stop requiring binding arbitration to settle disputes with its credit card holders and banking customers.
American Express, Discover will stop charging fees to customers who exceed credit limitsAugust 12th, 2009 Amex, Discover to end fees going over credit limitNEW YORK — American Express and Discover customers will soon be free of fees for charging over their credit limits. The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers.
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.
Comparison of House and Senate legislation on credit cardsApril 30th, 2009 Bills, Fed rules on credit cardsA comparison of House and Senate legislative proposals with pending Federal Reserve regulations. HOUSE BILL
Takes effect a year after enactment, except for requirement of notice before interest rates are increased, which goes into effect in 90 days.
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