New Orleans – In one of the many articles on yet another multi-$100 million settlement, one story, almost in an aside, stated that the purchase of Countrywide’s assets by Bank of America, was “one of the worst deals ever.” The price tag for Bank of America has been billions. This settlement with the Justice Department …
Tag: boa
Bank Overdraft Fees
Dauphine Island Despite the federal investments in banking now, many of the biggest seem to be accelerating predatory practices particularly around fees. During normal times working families stretching every penny to pay bills will occasionally bounce a check. Who hasn’t? Banks seem to in fact count on us bouncing some checks in order to balance …
Foreclosure Mods Farce
New Orleans The scorecard is finally being written on the ballyhooed, though mostly baloney, loan modifications being done by big home mortgage loan servicers and trumpeted by the federal government (and largest shareholder in many of these outfits) as a real plan for foreclosure relief, and it stinks. Gretchen Morgenson in a searing Times column …