Bank of America Profits Plummeted 18% In The First Quarter Of 2024 Due To Customer Credit Card Delinquencies Bank of America’s quarterly report has bad news and it could be signs of a weakening economy. Financial statements indicate Bank of America profits plummeted 18% for the first quarter of this year. The company was forced […]
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 continued last week 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 […]
Bank Branch Bloodbath Continues As Bank of America And Chase To Close Another 15 Locations The bank branch bloodbath continues! Bank of America filed to close nine branches with the OCC last week. Chase filed to close six more. Citizens and Trustco are each closing a branch each. Patriot and US Bank also reported one […]
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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