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Tag Archives: Bank of America

Government faults 3 lenders over mortgage-aid efforts

WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they’ve done little to help people at risk of losing their homes. The Treasury Department said Thursday that ...

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Banks offer cash transfers to cell number, e-mail

WASHINGTON — Three of America’s four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or e-mail address. The banks say the service, called clearXchange, will make payments easier ...

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Foreclosures in spotlight at annual Bank of America meeting

CHARLOTTE, N.C. — Foreclosures and home mortgage modifications took center stage at Bank of America Corp.’s annual meeting Wednesday. Outside the headquarters of the nation’s largest bank, protesters held signs and gave testimonials about their own foreclosure experiences. At the ...

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Bank error in MY favor

OK, maybe it was actually MY error for not catching it when Bank of America started charging me — incorrectly it turns out — maintenance fees for my checking and savings accounts. Actually, I did notice the savings account maintenance ...

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Bank of America misses estimates as income falls 39 percent

NEW YORK — Bank of America Corp.’s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to ...

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Cease-and-desist orders issued against 8 mortgage bankers

The Office of the Comptroller of the Currency issued cease-and-desist orders Wednesday against eight national mortgage bankers, including Bank of America, PNC and Wells Fargo, for “unsafe and unsound” practices dealing with residential mortgage foreclosures. The banks agreed to the ...

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Fed rejects Bank of America’s dividend hike plan

NEW YORK — Bank of America said Wednesday the Federal Reserve has objected to its plan for raising its dividend in the second half of this year, a setback that suggests regulators need to see more evidence that the nation’s ...

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In sign of growth, businesses are borrowing again

Martin Foil’s company sells yarn that winds up in clothes from the Gap, Ralph Lauren and American Apparel, and business is growing. He’s buying new machines and hopes to hire as many as 200 workers this year. When he decided ...

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