American Banks Have Slashed Another 78 Branches In The Past 30 Days. American Consumers Worry If Their Money Is Safe. Leading American Banks have slashed another 78 Branches from their books in the past 6 weeks. Now consumers who bank with Wells Fargo, JPMorgan Chase and BofA are concerned. They worry about the financial stability
CFPB Has Spanked BofA With A $12 Million Penalty For Violating HMDA And Regulation C The CFPB has spanked BofA with another fine. Bank of America signed a consent agreement say the bank violated the Home Mortgage Disclosure Act. HMDA mandates mortgage lenders report specific information about loan applications and originations to federal regulators. The
Bank Branch Bloodbath Continues As Wells Fargo Closes 15 Branches And BofA Closes Seven In A Week The bank branch bloodbath continues as Wells Fargo And BofA filed to close 24 branches last week. US banks are in an ongoing scramble to eliminate costly brick and mortar banking locations. Wells Fargo plans to close 15
Bank of America Mortgage Production Plummets Faster Than Contestants On A Japanese Game Show More bad news in the world of lending. As Bank of America mortgage production plummeted 6% for the 3rd quarter of 2023. This includes both mortgage and home equity production compared to the previous quarter. BofA is saying more declines are
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BofA And Wells Fargo Shutter A Combined 36 Branches Across The US. Is The U.S. Headed Toward Another Banking Crisis? The Comptroller of the Currency is reporting that BofA and Wells Fargo have closed 21 and 15 branches respectfully since October 1, 2023. US Bank and Chase are continuing to close bank branches. So far,
BofA And Wells Fargo Shutter Branches Across The US Read Post »
