Bank of America has agreed to pay $410 million dollars to settle a federal lawsuit alleging the company charged excessive overdraft fees against it customers. The law suit was a combination of several lawsuits filed in 14 different states, all consolidated into one federal case in Florida. Other banks involved in the suit [...]
Browsing the archives for the Citibank category
5 Feb 11
10 Feb 10
While big banks like Bank of America, Wells Fargo, Citibank and others continue to attract more deposit in the fourth quarter, many American are suddenly moving their money to smaller banks out of principal.
General public anger over taxpayer bailouts and big bonuses is one reason. The other is that according to recent survey, the [...]
Posted in Bank of America, Citibank, Information, News
9 Feb 10
According to a New York Times article, the least trustworthy banks are, in the order of first to last:
Bank of America, Chase, Capital One, TD/Commerce, Fifth Third, Citibank, and in last place, HSBC.
The survey ranked 50 financial institutions in the United States by the percentage of each firm’s customers who agree with the statement: “My [...]
Posted in Bank of America, Citibank, News
1 Feb 10
Citibank agreed to suspend its plan to charge fees on certain checking accounts with the New York Attorney General’s office. The fees would have affect over one million of its customers.
The settlement was reached after Citigroup failed to provide adequate disclosure of the fee increase and didn’t offer a free checking program long enough [...]
Posted in Citibank, Information
