Bank of America
A New Jersey woman plead guilty Thursday to using her deceased aunt’s identity to obtain access to credit card and deposit accounts, causing three backs to lose more than $30,000, according to authorities.
Major banks are still trying to figure out what hit them in late September when their websites were knocked offline by cyberattacks. There is new evidence that points to a sophisticated strike.
Cyberattackers have been playing havoc with bank websites. And while lawmakers are concerned, they haven’t been able to agree on what to do about it.
The attorney general’s office says more than 28,000 Pennsylvania residents who lost homes to foreclosure will soon be notified that they may be in line for a share of a settlement with the nation’s largest mortgage companies.
“Debt protection” is an insurance offered by some credit card companies. If, for example, you lose your job or have a health problem and can’t make your minimum payment, they’ll cover it — for a fee.
An event at Philadelphia’s Convention Center, this weekend, is designed to help homeowners avoid foreclosure. The event brings together the nation’s largest lenders and their borrowers, to renegotiate mortgages.
Investigators say they believe he is the same man seen in bank surveillance photos who robbed the United Bank of Philadelphia at N 15th and Broad, a block away, last Friday.
The government’s new consumer watchdog agency is launching an investigation into costly overdraft fees charged by big banks, and the investigation could result in new rules or even lawsuits if banks are accused of violating consumer laws.
A landmark $25 billion settlement with the nation’s top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
It was part of a “National Day of Action” against big banks, organized by the online group MoveOn.org.
An attempted bank robbery was foiled when police caught the suspect red-handed, with money falling out of his pockets.
Philadelphia Federal Credit Union opened 1,400 new accounts last month, 400 more than normal.
The Occupy Wall Street and Occupy Philly movement wants people to relocate their money from banks to credit unions.
By Jim Donovan: Chase and Wells Fargo are joining the list of banks that won’t be charging customers to use their debit cards, as the backlash over Bank of America’s planned $5 monthly fee continues. […]
“Credit unions operate their financial services through banks, so the banks will charge the credit unions the higher fees and guess what? The credit unions are going to pass them on to you.” finance professor Christopher Coyne says.
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