Bank of America Faces Fraud Lawsuits

(CNN) — Bank of America is facing two lawsuits filed by the U.S. government. America’s second largest bank is accused of defrauding investors in mortgage-backed securities–the kind at the center of the financial crisis of 2008. Parallel lawsuits filed by the Department of Justice and Securities and Exchange Commission allege the bank lied about the … Continue reading »

ATMs to Get a Facelift

(CNN) — The nation’s biggest banks are rolling out the next generation of ATMs. The latest models include features like video chatting with a live teller, getting change or paying your credit card bill. Bank of America’s new teller assist machines, for example, allow a customer to swipe a debit or credit card, driver’s license … Continue reading »