Bank Of America
She’s gone, yall. It took less than 24 hours for Christine Mcmullen Lindgren to get fired from her job as a personal banker at an Atlanta Bank of America after posting a racist rant on Facebook that quickly went viral before it was deleted. Of course, folks took screenshots. Lindgren stated in her post that […]
WASHINGTON (AP) — Three of the biggest U.S. banks, JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc., have been fined a total of $950 million by U.S. regulators for failing to prevent misconduct in their foreign-exchange trading operations. The U.S. Office of the Comptroller of the Currency, an agency of the Treasury […]
WASHINGTON (AP) — How much will Bank of America’s expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar. Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest […]
WASHINGTON (AP) — Bank of America Corp. is paying $772 million in fines and refunds to settle regulators’ accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn’t receive. The Consumer Financial Protection Bureau and the U.S. Office of the Comptroller of the […]
U.S. Department of Labor Administrative Law Judge Linda S. Chapman has ordered Bank of America Corp. to pay 1,147 African American job applicants nearly $2.2 million in back wages and interest for race-based hiring discrimination at the company’s Charlotte facility. In an earlier ruling, the judge determined that the bank applied unfair and inconsistent selection […]
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