Latest Bank of America News: Finextra Research

New York sues banks over use of electronic mortgage system

The New York Attorney general has charged three of the nation's biggest banks - Bank of America, JPMorgan Chase and Wells Fargo - with using the privately-owned national mortgage electronic registry system (Mers) to illegaly bring foreclosure proceedings against home owners who had defaulted on their loans.

06 February 2012

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Financial services firms and Internet giants team to fight spam

Bank of America, Fidelity Investments and PayPal have joined with Google, Microsoft and Facebook to develop a set of e-mail authentication standards designed to reduce the threat of deceptive spam and phishing fraud.

30 January 2012

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BofA links deals service to online accounts

Bank of America is trialling technology that offers customers targeted deal offers when they log into their online accounts.

25 January 2012

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BofA names Bottega chief data officer

Bank of America (BofA) has appointed Federal Reserve and Citi veteran John Bottega as its new chief data officer.

14 December 2011

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Banks warned of fraud risks in mobile remote deposits

US financial institutions have been warned of the potential for rising fraud rates from the expansion of remote deposit capture technology to the retail and unbanked sector.

22 November 2011

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BofA on Google+ Occupied by pranksters

Bank of America has been beaten to the Google+ punch by pranksters who have set up a parody business page for the firm.

15 November 2011

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Social media spreads Bank Transfer Day message

Thousands of people switched their accounts from banks to credit unions on Saturday as part of the Facebook-organised Bank Transfer Day.

07 November 2011

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BofA ditches debit card fee plan

Bank of America has become the latest US financial institution to cancel plans to introduce monthly fees for debit card users.

01 November 2011

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WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

Whistleblowing Web site WikiLeaks has suspended publication to concentrate on fighting the 'financial blockade' imposed by Visa, MasterCard, PayPal and others.

24 October 2011

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Durbin lashes out at Wells Fargo debit fee plans

The architect of US interchange reforms, US Senator Dick Durbin, has demanded that Wells Fargo explains the need for the imposition of monthly charges on customers to use debit cards, just days after the bank posted a 21% rise in third quarter profits.

21 October 2011

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US banks sued over ATM fees

A New Jersey man has sued Bank of America, JPMorgan Chase and Wells Fargo, claiming that they collude to fix the fees charged to withdraw money at ATMs.

20 October 2011

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Bank of America comes clean on Web site problems; Citi apologises for payments processing failures

Bank of America blames a combination of heavy site traffic and an ongoing systems upgrade on the slow response times and intermittent outages that have bedevilled the bank's Website over the past week.

06 October 2011

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