Bank of America just announced that 38.7 million of its customers will soon receive a $5 fee for swiping their debit cards. The Credit Union National Association is responding with a call to consumers, saying there is another option where fees are lower and service is better. "We want consumers to know … [Read more...]
Distressed Homeowners to Receive Refunds From Excessive Fees
July 20, 2011 By Leave a Comment
Hundreds of thousands of refund checks worth nearly $108 million are in the mail to homeowners. The Federal Trade Commission is mailing that money to people who were allegedly overcharged by Countrywide Home Loans, Inc. The FTC is trying to protect financially distressed homeowners by returning some … [Read more...]
Tables Turned as Bank Gets Foreclosed
June 6, 2011 By Leave a Comment
Score one for homeowners. The tables turned on Bank of America after a Florida couple says the lender filed foreclosure papers against them. The problem? The couple had paid cash for their home. The case went to court and a judge in Collier County ordered Bank of America to pay the couple’s legal fees. … [Read more...]
More Homeowners Getting Mortgage Relief Assistance Finally
November 14, 2009 By 1 Comment
A mortgage relief program was developed by President Obama’s administration, but it has been slow to actually reach homeowners in danger of having their homes foreclosed. In the meantime foreclosures have continued to rise and many more are likely even as banks write off billions in bad loans. … [Read more...]