Even MORE Bank of America fines! Hot damn.

[dixiegrrrrl]

Has anyone noticed I really really really do not care for this bank?
teach them to screw with my mortgage!
Today I read somewhere in my browsing that BOA has paid out SIXTY Billion in fines and fees over the last few years.
Not enough, I say.

Bank Of America May Pay $800 Million For Questionable Credit Card Add-Ons

There’s another big legal bill on the horizon for Bank of America, as reports indicate the bank may soon agree to pay $800 million to settle allegations tied to sketchy add-on services for credit card customers.

The Wall Street Journal reports that BofA is working out a deal with the Consumer Financial Protection Bureau, which has has been going after credit card issuers for pushing customers into paying for questionable add-on services like identity-theft protection and programs that are supposed to help cardholders who lose their jobs.

Many such add-ons were good revenue generators for the banks, but often offered little to no protection for those stuck paying the fees. Since the CFPB began going after these programs — like last year’s $70 million settlement with American Express
and the $389 million smackdown of JPMorgan Chase — a number of banks have stopped selling them.

CFPB has also made similar deals with Capital One and Discover over these upsold credit card add-ons, for $150 million and $200 million, respectively.

http://consumerist.com/2014/04/04/bank-of-america-may-pay-800-million-for-questionable-credit-card-add-ons/

[blkmusclmachine]

1. F U, B of A!!!

[2pooped2pop]

2. that's funny

coz that is actually what my boa file is called.

[2pooped2pop]

3. if it makes you feel any better at all

they took my house. sued me for 90,000. bought the house for 102,000 at auction. It is now on the market for 69,000. Screwed themselves out of 30 grand if they had not gotten greedy and let someone else buy it.

[ms.smiler]

7. 2pooped2pop, was it a MERS mortgage?

Was the Assignment of Mortgage from the loan originator to B of A? What was the year of the Assignment? Who signed and notarized the document? In what state was it notarized? Was the property Titled over to Fannie after the auction?

Homeowners understand traditional mortgages; unfortunately they don’t understand present day securitized mortgages.

[2pooped2pop]

12. Can't answer all those questions

but did have an attorney. We put 20% down and did not have the insurance.

[ms.smiler]

13. 2pooped2pop, it’s not easy to ask those questions.

Losing a home is traumatic and you’ll find your own way to understand and accept the event. In my heart though I think people are best served by knowing the truth, and I realize it's more likely that you were wrongfully foreclosed than legally foreclosed.

I’m glad you had counsel. I remember when I first searched for counsel and I spent months just trying to find an attorney who understood MERS and their unlawful practices. I couldn’t possibly hire an attorney who understood less than me about securitized mortgages.

It’s easier now to find counsel who understands the fraud at origination, during the servicing, and the fraud that takes place during foreclosure.

If you were wrongfully foreclosed, you would be entitled to noteworthy damages and I wouldn’t want you or anyone to miss considering that option.

I prefer to see the banksters held accountable and damaged homeowners properly compensated than see the banksters escape accountability and remain free to steal homes from other homeowners.

Most land records are online and can easily be searched if you’d like to do some checking.

I’m sorry you had that experience but if you were defrauded, I think you deserve to know so you can consider your options.

[Sarah Ibarruri]

4. I hate B of A nt

[Sanity Claws]

5. Why haven't they got the death penalty yet?

They have had far more than 3 strikes. They should have had their charter revoked.

[dixiegrrrrl]

6. We no longer live in a working republic.

The crooks run the country, more openly now than any time since 1880's.

[Johonny]

8. Looks like they'll need to lower my interest to .0001% to pay for this.

here come more fees!

[llmart]

9. I won't be happy.......

until they go out of business. Worst bank ever.

[Aerows]

10. I'd prefer that the upper management

get housed in Federal Prison on RICO charges and get sued of every ill-gotten penny they have.

[madamesilverspurs]

11. If you are disabled

do NOT bank with B of A. You're easy pickings for them. If you get a settlement from an injury suit, do not deposit it anywhere near B of A. If you have a disabled family member do NOT be a co-signer on any accounts, B of A will use you as a conduit into the disabled person's accounts.

[99Forever]

14. ALL banks are sleazy and corrupt.

We do all of our business with a local credit union. (With the exception of our mortgage, which was set up before we knew better.)

[dixiegrrrrl]

15. Our local community bank is actually better than the credit union.

No fees, low check replacement costs, raely any teller lines, I can phone them for balance checks, and they are close by.
since we don't use ATMs and rarely travel outside the county anymore, works well for us.

No way would I use a "big" bank, tho.