Bank of America

In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud

12:43pm December 20, 2024

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.

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Savers can often find better rates on accounts from credit unions and online banks than at many major financial institutions. Photo by Frederic J. Brown/AFP via Getty Images.

Economy

Getting a measly interest rate on your savings? Here's how to score a better deal

7:16pm March 04, 2023

by Arezou Rezvani

Many big banks offer shockingly low interest rates on savings accounts. Moving your money to a smaller institution could bring better returns.

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Bank of America customers reported major issues with their accounts and Zelle on Wednesday.

National

Bank of America says the problem with Zelle transactions is resolved

5:33pm January 18, 2023

by Jaclyn Diaz

The website Downdetector reported spikes in outages involving Bank of America and payment platform Zelle starting Wednesday morning.

People walk past a branch of Bank of America in New York City in 2015. The bank announced Tuesday that it's raising its minimum wage to $20 an hour by 2021.

Economy

Bank Of America Raising Its Minimum Wage To $20 An Hour

4:21pm April 09, 2019

by Jim Zarroli

The wage increase, which will be phased in by 2021, comes as the strong economy means employers are competing to fill open positions.

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Bank of America's latest fee arrangements for checking accounts could hit hardest with those who can least afford it, say critics.

National

Bank Of America Ends Free Checking Option, A Bastion For Low-Income Customers

7:07pm January 24, 2018

by Colin Dwyer

The bank is finishing a yearslong phaseout of eBanking, its last option for avoiding fees without keeping a monthly minimum. The move has drawn concerns it will hit low-income customers the hardest.

Daily News

Bank Of America Settles Racial Discrimination Case From 1993

11:02am April 18, 2017

by Associated Press, Emery P. Dalesio

Bank of America settled a decades-old case that accused its predecessor company of systematically discriminating against black applicants for entry-level jobs in Charlotte, the U.S.

Economy

Bank Of America Joins List Of Companies Increasing Paid Time Off For Parental Leave

6:18pm March 30, 2016

by Keri Brown

Bank of America is offering employees more paid time off after the birth of a child, joining the ranks of other corporations broadening parental leave benefits.

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Economy

Major Renovation Planned For Historic Greensboro Skyscraper

10:17am March 13, 2015

by Keri Brown

A major renovation project is in the works for a historic downtown skyscraper in Greensboro.

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Judge Orders Bank Of America To Pay $1.3 Billion Fine

5:08pm July 30, 2014

by Alan Greenblatt

A jury had found the bank liable for fraud related to mortgages sold by its Countrywide Financial unit last October. Bank of America may appeal.