Michael and Dolores Kirkbride of North Carolina settled their debt with Countrywide, but the bank and later its new owner, Bank of America, kept calling to demand payment — hundreds of times. A judge has fined BofA for its egr…
Sworn testimony in a recently concluded mortgage case may spell big trouble for Bank of America. If what one bank employee said proves to be accurate, paperwork problems at mortgage provider Countrywide could leave Bank of Amer…
Bank of America Corp (BAC) is planning a new service that lets customers manage their accounts by text message.
The service, which will be launched in the second half of 2011, will involve two-way texting, Reuters said. Customers will be able to move…
Citigroup Inc (C) said it may have to refile thousands of foreclosure affidavits.
The bank is reviewing 10,000 affidavits executed before the company overhauled its foreclosure operation in February, Harold Lewis, a managing director with CitiMortgag…
The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called “stre…