Get me to the bank on time
May 18, 2012 in The Dickinson Press
I received a notice recently about refinancing my mortgage. I get these all the time, but this one was a little different. It suggested that if I could come up with some $80,000 to lower my loan amount, I could get the rest down to a 2 percent interest rate for 30 years, well below market rates, and save a boatload. Continue Reading
When Bank of America announced that it would begin charging debit card users a $5 monthly fee, Katchpole got mad and started an online petition. More than 300,000 people signed it.
NEW YORK (AP) Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus.
The news comes after other major banks, including JPMorgan Chase & Co. and Wells Fargo & Co., said last week that they were canceling tests of similar debit card fees.
Bank of America halted foreclosures across the country to address paperwork problems, but three other banks did so only in 23 states. Other banks holding millions of mortgages have not suspended any foreclosures. In the other 27 states, judges don’t have to review foreclosures. A homeowner must sue the bank for that to happen. Paperwork mistakes and fraud are even harder to discover, legal experts say.
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