Over the years I saw a lot of the same thing. We bankers talked our own language and we made a bunch of RULES that you didn’t understand. Oh, we gave you a booklet or papers with the RULES so our asses were covered but we didn’t or couldn’t help you understand the RULES. And if you had a ChexSystems record, we had to kick you to the curb.

• Would a minimum wage hike cost jobs? As I am sure many people have heard, there are several states (Arkansas, California, Delaware, Maine, Maryland, Massachusetts, Michigan, North Carolina, Pennsylvania, Rhode Island and West Virginia) that have raised their minimum wage as of January 1. Here in California, the minimum wage is now $7.50 per hour, which works......
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• How Much Do I Need To Retire? The following post is from Todd Tresidder. Todd retired at age 35, publishes the FinancialMentor blog, and lives in Reno, Nevada, with his wife and two children. His ebook, “How Much is Enough to Retire?” reveals the problems behind retirement calculators and explains the solutions he created to plan 60+......
• Selling Your Soul or Having it Slowly Sucked Away... This is a Mrs. Micah redux...a post I discovered when wandering through my archives, and one which I wanted to share again. But instead of just linking back there, I decided to repost it for you. A few months ago, Denise at Flamingo House Happenings wrote about a conversation she......
• Do You Have What it Takes to Be a Millionaire? Every year, thousands of people become millionaires, while hundreds of thousands struggle to make ends meet. What is the difference between the two groups? In many cases, it comes down to whether or not you have what it takes to be a millionaire. While this may seem like oversimplification, there......

• The US Open Series is Well On Its Way The Indianapolis Tennis Championships tipped off the six week long US Open Series by Olympus, which comprises ten different events on hard courts throughout North America that finally lead into the final Grand Slam tournament for the season. Along this road to New York there is plenty that is at......
• Azinger Rules Out Possibility of Returning as U.S. Ryder Cup Captain Paul Azinger who was responsible for leading the United States Ryder cup team into victory this year has announced that he does not plan on returning as captain for the U.S. Ryder cup team for the 2010 matches, which are to be held in Wales. His victory was a great......
• Bank of America could pay TARP back sooner than expected According to the Charlotte Insider, "Bank of America Corp. could pay back its $45 billion in government capital by late this year or early next year depending on the economy, chief executive Ken Lewis said in an interview today with the Observer." Lewis, CEO since 2001, also told the Observer......

Hi,

I recently decided to avail of the $50 promo by BoA (in mission viejo, california), where if you open a new savings account (apply for an ATM card), theyll give you a $50. Sounded sweet. So I signed and all, and was required to deposit $125 before they could process my request (60 business days). 3 days after my application, I received a letter from BoA (Texas!) informing me that they decided to close my account because of risks their company found out about me. Then they provided a number I can call to ask questions — it’s their so-called “Risk Identification Division.”

So I called. They told me that the company does have the choice to close my account whenever they want. So I asked on what grounds they decided to close my account. They just told me the company found a risk. So I asked what that risk is. Then they said it’s something their department can’t disclose specifically. Worse, they even informed me I can NEVER in my life open a BoA account, anywhere in the US, as if I’m a bigtime criminal or something. WHAT THE FUCK?

Then they said they’ll just return my money. So, fine, I thought. At least I’ll have my money back.

So I waited. And here arrives a check worth $65 only… SHIT! I deposited $125 and they’re returning only $65? I called this Risk shit department again and asked how come. They told me the other $60 was sucked out of my deposit for that “Research Fee” for that mysterious research they did on me resulting in them closing my account — which I never had an idea of! Do they even have a right to charge me for something I wasn’t informed about? I didn’t ask to be researched on.

SCAM!!!

Aside from failing to open a BoA account, they snatched $60 from me, wherein I should be getting $50 from their promo. In conclusion, I got nothing good out of Bank of America.

Curses.

• Bank of America (NYSE: BAC) Okayed Second Mortgages for Adjustment Earlier this month, Bank of America (NYSE: BAC) was the first major lender who offered modification to home equity loans to customers who needed help. Bank of America was the first lender in the program created by the Obama administrations initiative to assist home owners who needed help with second......
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• 4 Easy Ways to Raise Your Credit Score For many Americans, dealing with a low credit score can be incredibly frustrating. It’s tough to get any loans and in some cases, it may even affect your prospects for employment. If you’re sick of dealing with a low score, it’s time to starting putting into motion some techniques that......
• Bank Of America Buys Countrywide To Save On Taxes Bank of America (BAC) recently announced it would be buying Countrywide (CFC) for $4.1 Billion putting an end to rumors that CFC was considering bankrupcy. Apart from gaining access to CFC's technology, banking business and god-only knows what it has thats of any worth, Bank of America will also inherit......
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• Bank Of America CEO Ken Lewis Is Done Back in 2007, the state of North Carolina had a proud financial services industry led by two Kens.  Ken Thompson of Wachovia, and Ken Lewis of Bank of America.  Less than two years later the state is in a depression, one of the companies is gone, and both Kens left......
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• Bank of America Withdrawal and Investment Simplification Yesterday and today I continued the process of disengaging from our relationship with Bank of America.   Several months ago we opened a new primary checking account at a community bank paying 3.85% interest on funds up to $25k. Last week we went to that same community bank for a......