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Tuesday, June 30, 2009

News BofA allegedly overcharged Latino customers

Posted By on Tue, Jun 30, 2009 at 5:18 PM

No comprendo ingles... and that works for Bank of America. Poor BofA, they just can't get anything right anymore.

The former workers said they were going public to lay out what they saw as a little-known side of BofA's business model: encouraging working-class customers to sign up for high-interest-rate credit and cash advance services and structuring an array of check and debit card services to maximize overdraft fees and other charges.

The campaign will be launched publicly this week, with workers scheduled to tell their stories in news conference calls and meetings with members of Congress. The union is seeking to pressure the bank and to build support for legislation now stalled in the Senate that would make it easier for union members to organize.

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