We have bailed out the mortgage companies that brought us the foreclosure crisis, now the states and a federal government agencies are on the verge of a sellout buyout by the bad guys for fraudulent foreclosures. The Office of Comptroller of the Currency, or OCC, and the attorney generals for all 50 states are participating [...]
bank of america
Drunk from the billions in federal bailout milk, Bank of America decided to raise Red Bluff, California resident Ann Minch’s credit card interest rate to over 23%. Bank of America’s move was both bizarre and self-destructive. Bizarre because Minch, though recently laid off, had continued to make the required payments to the bank, at times [...]
Bank of America can gouge its credit card holders with court approval according to the 7th Circuit Court of Appeals. As if 18% interest isn’t enough, the bank was allowed to get away with increasing the interest rate to 32% retroactively when a credit card account exceeded the credit limit for two successive months. The [...]
