Wednesday, December 21, 2011

Morning roundup: BofA hit hardest by fee crackdowns

Here's a look at what's news in banking and finance this morning:

  • Bank of America is close to settling a U.S. Department of Justice fair-lending probe into Countrywide, Bloomberg reports. This has to do with price discrimination and pushing minority borrowers into particular products. It is not the far-reaching settlement being pursued with the DOJ and dozens of state attorneys general.
  • A new report shows that Bank of America has been hit the hardest by new regulations that crack down on fees banks can charge, Forbes says, including new rules on overdraft protection and swipe fees.
  • The New York Times discusses investor worries about bank stocks.
  • Here's some good news: North Carolina's bank robberies have fallen in the last decade, the N&O reported.