Talk about killer timing.
Just as reports that Bank of America's experimenting with new fees began surfacing this morning, the Consumer Financial Protection Bureau has rolled out its new checking account complaint form.
The Wall Street Journal's Dan Fitzpatrick and David Enrich got the scoop on BOA's plans, which involve programs in a few states testing $6 to $9 monthly fees on something called an "Essentials" account.
During the morning keynote session at ISM on Tuesday, Bank of America's Mickey Levy gave what I'd describe as a very balanced and realistic look at the current economic situation in the US -- and what we can expect to experience thr... Read Post
Financial services topped the list of New Yorkers' complaints to the Better Business Bureau last year, reports Bloomberg's Margaret Collins. The main target of their ire? Mortgages, mortgage loan modifications and refinancing, with ... Read Post
Lots of people are talking about this morning's report from BoA/Merrill Lynch that downgrades Goldman and Citi to neutral from buy. BoA's Guy Moszkowski points to turmoil in the Middle East as one factor that will lower customer ris... Read Post