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Bank of America

Brunswick Co. golf course owner being sued by Bank of America

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The future of numerous developments and tracts of land in Brunswick County, including the four-course Ocean Ridge Plantation and Rivers Edge Golf Club, are in question because of a lawsuit filed by Bank of America against the properties’ owner. Full story...
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States, banks reach foreclosure-abuse settlement

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North Carolina communities will benefit from millions of dollars to help struggling homeowners facing foreclosure, as well as more housing counselors, financial fraud investigators and prosecutors, and stronger mortgage standards. Full story...
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BofA debit fee plan led to 20% jump in closed accounts

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The days of the easy fee grab may be coming to an end. Bank of America's failed plan to impose a $5 monthly debit card fee led to a 20 percent increase in closed accounts in the last three months of 2011 and a public relations headache, which other companies may be keen to avoid. Full story...
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Bank of America settles mortgage suit for $315 million

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Bank of America has agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. Full story...
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Deal gives BofA rights to Charlotte airport ATMs

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A deal to give Bank of America exclusive rights to all automated teller machines at Charlotte-Douglas International Airport is expected to provide the airport with $1.6 million in annual revenue, more than twice what it now makes. Full story...
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Judge OKs $410M settlement in Bank of America overdraft fee case

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A federal judge in Miami has approved a $410 million settlement in a lawsuit claiming Bank of America charged excessive overdraft fees. Full story...
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Bank of America nixes $5 debit card fee

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Bank of America is nixing its plans to charge a $5 debit card fee. The bank says in a statement that the decision to scrap the plan came after listening to customer feedback in recent weeks. Full story...
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Occupy Wilmington protests corporate control downtown

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video Occupy Wilmington made its presence known in Downtown Wilmington Saturday afternoon with a protest at the Bank of America building on Third Street. Over 200 people gathered to show their support for the global movement. Participants waved signs, chanted, and answered questions from people in the community. Full story...
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Bank of America website woes last into 6th day

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Bank of America's website is having troubles for the sixth straight day, meaning customers may still have difficulty signing into their accounts. Full story...
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Bank of America will cut 30,000 jobs

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Bank of America says it will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The troubled bank says it expects many of the cuts will come through attrition and eliminating unfilled positions. Full story...
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