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Supreme Court rebuffs challenge to bank collusion suit brought by Baltimore, cities
The U.S. Supreme Court declined to hear a bid by Bank of America and seven other major financial institutions to prevent cities from banding together in a $12 billion class action.
Three cash flow management tips for small and mid-sized businesses
Commentary: Three cash flow management tips for small and mid-sized businesses to improve financial stability and growth opportunities.
Bank of America agrees to pay $72.5M to settle Epstein accusers’ lawsuit
Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein.
Bank of America settles Jeffrey Epstein accusers’ lawsuit
Bank of America has settled a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed.
Bank of America commits $5M to local hunger relief efforts
Bank of America announced it will deliver $5 million to nearly 100 nonprofit organizations addressing urgent food needs at the local level.
After denying standing, MD judge rejects housing group’s request to file new complaint against Bank of America
A federal judge in Maryland rejected a last-ditch effort by fair-housing groups to revive their long-running lawsuit against Bank of America.
Bank of America boosts minimum wage to $25 an hour
Bank of America has raised its U.S. minimum hourly wage to $25 per hour, boosting annual pay for full-time employees above $50,000.
Fair-housing group lacks standing to sue Bank of America over alleged discrimination, MD judge rules
A fair-housing group doesn’t have standing to sue Bank of America over its alleged discriminatory housing practices, a Maryland judge ruled.
US Supreme Court ruling clouds MD fair housing lawsuit
A 2024 Supreme Court decision on the legal standing of advocacy groups has caused confusion in a fair-housing lawsuit in Maryland.
In banking, pandemic-era tech changes are here to stay
When the pandemic took root nearly two years ago, banking – at least the way most people had known it — was thrown into disarray. Gone were the days of […]
PGCC program aims to accelerate access to professional credentials
Bank of America is contributing $100,000 to Prince George’s Community College to support an initiative that allows county residents to quickly acquire credentials for in-demand, livable-wage careers through short-term programs […]
Bank of America slashes fees for account overdrafts
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
