In a verdict that could have far-reaching implications for elderly and disabled bank customers, the California Supreme Court ruled this week that banks can tap Social Security benefits in bank accounts to cover bounced-check fees.
The decision, in the Miller v. Bank of America case, effectively reverses a 2004 San Francisco trial court ruling ordering the [...]
Posts Tagged ‘Bank of America’
Banks can tap Social Security to cover bounced-check fees
Bank of America wins appeal on overdraft fees
The California Supreme Court overturns a 2004 class-action award to Social Security recipients from whose accounts the bank took fees for insufficient funds.
The California Supreme Court unanimously overturned a billion-dollar class-action award against Bank of America Corp. on Monday, ruling that banks can collect overdraft fees from accounts in which government benefits intended for subsistence [...]
Colleges Profit as Banks Market Credit Cards to Students
EAST LANSING, Mich. — When Ryan T. Muneio was tailgating with his parents at a Michigan State football game this fall, he noticed a big tent emblazoned with a Bank of America logo. Inside, bank representatives were offering free T-shirts and other merchandise to those who applied for credit cards and other banking products.
“They did [...]
A Points Credit Card for Spanish Speaking Cardholders
It can be very challenging figuring out how a points driven credit card works. Try finding one that will send you your statements in Spanish. For many Spanish speaking cardholders this really is preferable since it’s important to be able to clearly understand your monthly statement. Well the new Financial Rewards Platinum Plus Visa Credit [...]
If You Travel To Alaska, Here’s Your Card
With all the varied activities one can take part in while visiting Alaska, no wonder why it’s such a popular vacation destination. There is cruising, sightseeing, fishing, hiking, and hunting not to mention some of the most spectacular scenery in the world. With so many opportunities to observe and even interact with nature in an [...]
A Mileage Credit Card For Customers Who Travel To Asia. Great Benefits!
When deciding which credit card to use on a regular basis to accrue miles that can be redeemed for your future flights; what are you really interested in? Is it value? Benefits? Options that make the annual fee worth the price? Most people would agree with this, and for that reason Bank of America has [...]
Build or rebuild a solid credit history
For many individuals with damaged or bad credit, there can be few options when it comes to the world of credit cards. Even the cards that are marketed towards individuals that fit the damaged credit profile are often not offered in scenarios where the credit scores or history are too low. A good option is [...]
A New Card For Motley Fool Members
If you are an individual who is a Motley Fool member and would like a credit card that reflects that, look no further. The Motley Fool Cash Back Platinum Plus Visa Card is especially designed for members of the investment and personal finance organization. The website provided by this company has quite a following, partially [...]
Earn Money Every Time You Use Your Credit Card
Finally a credit that allows people to earn cash back on all purchases with no limit to the dollar amount that you can earn, all with no annual fee. The Bank of America Accelerated Cash Rewards American Express Card offers 1.25% cash back on every purchase you make and then allows you to redeem that [...]
The Spending Power You Desire and Security You Deserve: Bank of America Platinum Plus Visa
The Bank of America Platinum Plus Visa credit card gives you the security you desire in a credit card and the credit line you’ve been looking for. You know that the name “Bank of America” has a long tradition of service and customer satisfaction; having that in your wallet means you have the entire Bank [...]
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