Bank of America

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  CU Cards: BofA Makes a Hasty Exit

  By David Morrison  |  December 11, 2011

  Bank of America made official last week what many anticipated when a spokesperson acknowledged that it will no longer issue credit cards in agent relationships with credit unions and smaller banks.

• Lack of Cross Selling Opportunities Appears to Have Influenced BofA Decision

  By David Morrison  |  December 6, 2011

  The bank has stopped issuing credit cards with between roughly 40 and 50 credit unions.

• Bank of America Leaving Agent Card Issuing

  By David Morrison  |  December 5, 2011

  Credit unions which currently issue cards with Bank of America have also been told that their contracts will not be renewed after they expire.

• Survey: Large Banks May Lose Hundreds of Billions

  By Staff Writer  |  November 10, 2011

  Bank of America alone is in danger of losing 10.3% of its retail customers over the next 12 months, study says.

• Bank Transfer Day: Bank of America Deposit Balances to Come Later

  By Michelle A. Samaad  |  November 7, 2011

  Big bank says no deposit balance information until its next financial report.

• Bank of America Abandons Debit Fee as Bank Transfer Day Nears

  By David Morrison  |  November 1, 2011

  Bank COO says "we are not currently charging the fee and will not be moving forward with any additional plans to do so."

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  Transfer Day Parade Led by CUs

  By Myriam DiGiovanni, Jim Rubenstein  |  October 24, 2011

  Credit unions hope the growing consumer anthem of “We’re not gonna take it,” over the latest debit card bank fees, has those consumers primed to make a switch.

• Bank Transfer Chatter Goes Global; CUNA, NAFCU Cite Site Surges

  By Jim Rubenstein  |  October 11, 2011

  Credit unions across the land are “seizing this marketing opportunity”, as CUNA officials put it Tuesday, to take advantage of the favorable industry media coverage following the announcement of Bank of America’s $5 monthly debit fee.

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  Bank of America Rattles a Hornet’s Nest

  By David Morrison  |  October 10, 2011

  The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.

• Oklahoma CUs Keep Eyes on Closing BoA Branches

  By Jim Rubenstein  |  October 4, 2011

  Tinker FCU buys one drive-through site from banking giant.