Bank of America loses 2.24B as loan losses rise
AP - Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.
What BOA forgot to mention is that in some cases without warning BOA nearly doubled the APR for some credit card holders and dropped available credit limits for some card users making it look like the user had charged much closer to his/her credit limit, a practice that hurts a person's credit rating.
BOA helped to cause the very consumer struggle that they so piously "mourn."
Isn't there another kind of BOA that also crushes its prey?
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