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https://www.cnbc.com/2022/07/14/-bank-of-america-fined-225-million-over-unemployment-benefits-program.html
The Consumer Financial Protection Bureau fined the firm $100 million and, in a separate order, the Office of the Comptroller of the Currency is fining the bank $125 million. The order requires ...
https://www.consumerfinance.gov/enforcement/actions/bank-of-america-na/
The Bureau found that Bank of America engaged in unfair and deceptive acts and practices in violation of the Consumer Financial Protection Act of 2010. Specifically, Bank of America unfairly required consumers to waive its liability as to consumers’ garnishment-related protections in its deposit agreement and misrepresented to consumers that ...
https://www.forbes.com/sites/juliecoleman/2022/07/14/bank-of-america-fined-225-million-over-botched-handling-of-unemployment-benefits-at-height-of-pandemic/
The Consumer Financial Protection Bureau is fining Bank of America $100 million and the Office of the Comptroller of the Currency is separately fining it …
https://www.businessinsider.com/bofa-return-to-office-hits-snags-in-trading-division-2022-5
Bank of America called employees back to the office en masse last week. But some execs say spotty attendance has been 'concerning' — and could foreshadow challenges ahead. Bank of America has ...
https://investor.bankofamerica.com/corporate-governance/management-team-and-directors
Professional Highlights. Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. Prior to becoming Chief Executive Officer, Mr. Moynihan ran each of the company’s operating units. Member (and prior Chair) of the Board of Directors of Bank Policy Institute.
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2021/12/bank-of-america-names-rita-sola-cook-president-of-chicago.html
December 16, 2021 at 1:30 PM Eastern. Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company. As Chicago president, Cook will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of …
https://www.consumerfinance.gov/about-us/newsroom/federal-regulators-fine-bank-of-america-225-million-over-botched-disbursement-of-state-unemployment-benefits-at-height-of-pandemic/
“Bank of America failed to live up to its legal obligations. And when it got overwhelmed, instead of stepping up, it stepped back.” ordered Bank of America to pay $727 million in redress to its victims for illegal credit card practices. And in May of this year, the CFPB ordered Bank of America to pay a $10 million civil penalty over ...
https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-84.html
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $125 million civil money penalty against Bank of America, N.A., for violations of law and unsafe or unsound practices relating to the bank’s administration of a prepaid card program to distribute unemployment insurance and other public benefit payments. The OCC also …
https://secure.bankofamerica.com/login/sign-in/signOnV2Screen.go
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https://www.privatebank.bankofamerica.com/articles/how-to-find-the-right-person-to-run-your-family-office.html
Talk to your advisors about your thinking. The earlier they’re brought in, the more value they can add. Inventory the personalities, values and needs of your family. Potential candidates will need to engage with the family dynamic in a positive way. Identify family who will be part of the candidate search and decision process.
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