Deceptive Practices Get Small Fines

Deceptive Practices Get Small Fines

Deceptive practices by Bank of America against hundreds of thousands of customers have resulted in over $250 million in penalties. On Tuesday, the Consumer Financial Protection Bureau (CFPB) issued a statement about their findings against the second-largest bank in...
Bank of America Reduces Overdraft Fees

Bank of America Reduces Overdraft Fees

Bank of America is planning to eliminate bounced check fees, among other fee reductions. Non-sufficient funds (NSF) fees are almost universal among banks and credit unions. They’re the fee a bank charges when a customer overdraws their account by check....
Bank of America’s Biggest Mergers and Acquisitions

Bank of America’s Biggest Mergers and Acquisitions

Companies decide to merge and acquire competition for several reasons, and one industry that has seen a lot of it over the past few decades is the banking industry. Mergers and acquisitions have become the most frequently used methods of growth for companies, as they...