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Low Income Families Clobbered By Overdraft Fees

Families in low-income households – especially families of color – are getting clobbered by banking fees, according to a recent story by CBS. “Hispanic and Black households paid a total of $3.1...

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Bank of America Paying $75 Million For Illegal Overdraft Fees

Another bank has been nailed for illegally charging overdraft fees. “Bank of America Corp (BAC.N) agreed to pay $75 million to settle a lawsuit accusing the second-largest U.S. bank of extracting...

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Feds Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments

America’s second largest bank unlawfully garnished the accounts of thousands of its customers The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America...

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Wells Fargo Bank Continues To Discriminate Against Black Home Loan...

A federal suit accuses Wells Fargo, one of the largest bank in the country, of having mortgage origination and underwriting practices that “intentionally and disproportionately” discriminate against...

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