The Notorious Banker

So... Bank of America decided to give away $5 Billion of its own money today to the same people it doesn't want in its bank anymore so they can buy a house? Sounds legit.

Bank of America, the same company who bought you Countrywide, which was the worst thing to ever happen to home loans is back for a sequel...AND THIS TIME IT'S PERSONAL!

Learn how D. Steve Boland, Chief Lending Officer talks in commercial catchphrases about the project. DILLY DILLY, THEYRE GRRRRREAT!

 https://www.cnbc.com/2019/04/02/bofa-says-it-will-make-5-billion-in-mortgages-to-under-served-people.html 

https://newsroom.bankofamerica.com/press-releases/consumer-banking/bank-america-launches-5-billion-affordable-homeownership-initiative

Learn how a $10,000 grant is only made possible by an insane interest rate that will give them multiples of that initial investment

Learn how the phrase "UP TO" is important, as the number advertised is not accurate.

Learn how they will encourage minimal down payment to make the properties more valuable in the event the sell mortgages to other companies.

Also, why are they reinvesting into communities and people that they have been abandoning????

How do I compare this to Kohl's Buy one Get one Free sales? Find out in the podcast!

AFFORDABLE MORTGAGE SOLUTION THAT'S NOT NEITHER AFFORDABLE NOR A SOLUTION?

Learn why that interest rate they will give you is hidden, like the price of the lobster you eat! (It will make sense)

Finally... listen to how they most certainly WILL FIND A WAY to decline you, with examples of what the mortgage officers will say to not give you the home of your dreams and how they won't help you get there in the future. I provide imitations of home loan officers ripping the guts out of low and middle income people. Ugh.

Also learn how the $5 Billion Commitment is really $350 Million..if even that. Oohit hit close to home

ONE PENNY IS DONATED TO CHARITY FOR EVERY PODCAST PLAY!!! CLICK AWAY!!!

 Our website www.whyyourbanksucks.com for more info on our podcast, store, sponsorship info and much more!

Visit our Twitter Page @bankscrewedus - Running commentary with BofA clients

@banksuckspod - our podcast twitter account,

& Host James B on Twitter @jamesbisright. 

 View my other projects: The Bank Screwed US www.TheBankScrewed.us 

 The Banker Dude Podcast coming soon! http://www.thebankerdude.com @BankerDudePod on Twitter Real Financial Advice for Real People

  Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"  

"Bank of America Nearly Made Me Homeless (And I Worked There)" Status plus my Unnamed "BofA Complaints" Book..

ALL PROJECTS WILL HAVE A PORTION OF PROCEEDS DONATED TO CHARITY. VISIT http://www.whyyourbanksucks.com for more. 

 Don't you immediately think of older folks when you walk into a bank?I do. As a former banker, older clients were about half the people I saw in a given day. I loved talking to them and dealing with them. I wish the same could be said about Bank of America

Topics Include

It is a topic that a grandma's boy like myself pulls no punches with, as you will hear my anger on this subject matter.

Visit our Twitter Page @bankscrewedus - Running commentary with BofA clients

@banksuckspod - our podcast twitter account,

& Host James B on Twitter @jamesbisright. 

 View my other projects: The Bank Screwed US www.TheBankScrewed.us 

 The Banker Dude Podcast coming soon! http://www.thebankerdude.com  @BankerDudePod on Twitter Real Financial Advice for Real People

  Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"  

"Bank of America Nearly Made Me Homeless (And I Worked There)" Status plus my Unnamed "BofA Complaints" Book..

ALL PROJECTS WILL HAVE A PORTION OF PROCEEDS DONATED TO CHARITY. VISIT http://www.whyyourbanksucks.com for more. 

Apple is now more than a technology company. They are now in the banking industry with the launch of the Apple Card today. It's the next generation of how people will use credit...unless bigger banks have their way

Host James Baca reviews the key points of the new card, how they match up with Big Banks' reward cards, and offers insight into the next step in technology and credit cards. I think we are in for something special here... by Apple!

 Our website www.whyyourbanksucks.com for more info on our podcast, store, sponsorship info and much more!

Visit our Twitter Page @bankscrewedus - Running commentary with BofA clients

and 

@banksuckspod - our podcast twitter account, and 

Host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast coming soon! http://www.thebankerdude.com

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book..

ALL PROJECTS WILL HAVE A PORTION OF PROCEEDS DONATED TO CHARITY. VISIT http://www.whyyourbanksucks.com for more.

So....

You have a savings account with about $2 in it?

It's because Bank of America probably sold you one you didn't need. Learn how that $2 account can cost you hundreds even though you are "saving with every swipe of your card"!

My second installment of my Bank Fail Podcasts on Why Your Bank Sucks looks at BofA's Keep The Change Program

Learn how I got introduced to it along with everyone 15 years ago, and how it was a pretty effective tool...that is until the advent of digital banking!

In this podcast you will hear how a now-retired savings account was always set up for someone with a checking account for KTC Purposes. You will hear how that account converted to a less-than-favorable type of account that charged client and changed again last year, costing a client nearly $100 for a "free" account they previously signed up for

Also, learn how digital banking has caused the savings account to be a big moneymaker for Bank of America by exploiting Reg D, which is an outdated Regulation that Banks exploit today.

Plus I will tell you how my bosses pushed me to offer a savings account as part of a "package" and I will explore my use of the program when I was dirt poor.

PLUS... YOU WILL HEAR HOW I EXPLOITED A PROMOTION FOR KEEP THE CHANGE TO SEND ME TO VEGAS FREE!

I use the word Exploited a lot, so this program must be bad!!!!!!

THANKS FOR LISTENING VIEW MY PROJECTS BELOW

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book...

 Ever see those cheerful, well dressed people at the Bank?

You see them smiling, holding a clipboard or an iPad and are asking you what your business is there?

No, they aren't doing it for their health.

Host James Baca explains how that particular role in the bank is usually someone important to either divert the attention of you being in a long line, sell you that product THEY told you that you needed, or worse yet, get you out of there so they can earn more money, while also putting the final nails in the branches coffin.

Sound confusing? I make it relevant in 19 short mins with 90 seconds of promotional consideration afterwards!

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book...

Wells Fargo's scandal in 2016 rocked the banking world.

Well..Everywhere except Bank of America where we would do that type of stuff all the time under the radar of Wells Fargo's issues

SALES PRESSURE, THE GOAL TO SELL EIGHT PRODUCTS TO EVERYONE, AND THE EXPLOITATION OF HOMELESS AND OLD PEOPLE made the whole situation disgusting as all hell.

James Baca, your host, will explain things that are similar at Bank of America, things that probably couldn't happen at BofA anymore, and how the internal pressure of working at a branch leads to a lot of unethical things being attempted by employees

There will likely be a second episode of this topic soon!

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book...

How can Bank of America possibly give $100 Million away, and yet I still find a crappy thing about that? 

HAHA I DO.

This host is 100 percent applauding the gesture and the great amount of money given to awesome female entrepreneurs.

BUT....

Listen to a 13 year Banker explain why BofA gets out of doing ANY Small Business Loans, yet gives a ton of money away to a foundation so that foundation, with similar requirements will likely decline the loan as well

Hear how Entrepreneur somehow means being in business for two years with no other synonyms.

Listen as well to my experience trying to acquire loans for Bank of America to only get declined for 13 year straight,

What everyone sees as a great gesture, I see as BofA talking out both sides of their mouths.

Also.. Learn how Bank of America really only gave the equivalent of what the Average American pays for a steak dinner for a family of 4 to the org.

Sources:

https://www.washingtonpost.com/business/on-small-business/bofa-pledges-50-million-more-to-tory-burchs-program-for-women/2019/03/07/7f48a1dc-4124-11e9-85ad-779ef05fd9d8_story.html?noredirect=on&utm_term=.32638a515055

https://newsroom.bankofamerica.com/press-releases/community-development/bank-america-makes-100-million-capital-commitment-support

https://www.cnbc.com/2019/03/07/bank-of-america-tory-burch-to-offer-100-million-in-loans-to-women.html

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book...

Ever want to see outright stereotyping of a race and culture?

Look at these pics of Bank of America Branded Maracas (Musical Instrument)

https://imgur.com/mQvdZXQ

https://imgur.com/DUDMYrn

Bank of America came out with a horribly offensive account for Hispanic Immigrants in 2004 called Nuevo Futuro Checking (New Future). Offensive in that in its promotional giveaways for the account, all of them were stereotypical. Even how you would target this account was stereotypical for a seller. Although Hispanics are a huge part of our American fabric, it seems that Bank of America was nearly trying everything just to get people in the door, and what they offered was a free way to send money to Mexico if you brought everything over to them.

Worked so well that I could only find 3 pages online that even referenced this account, One of them on BofA's Page...all others have been scrubbed clean.

http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-newsArticle&ID=590750#fbid=qyZkf_aoi_J

https://adage.com/article/hispanic-marketing/u-s-banks-chase-mega-billion-hispanic-money-transfer-business/39818/

https://juantornoe.blogs.com/hispanictrending/2004/09/banks_courting_.html

Learn how I came across the magical maraca, and hear annoying rattles as I discuss a topic one part funny, and one part horribly offensive to some people. Crazy times we live in folks

This is the first of many "Bank Fails" podcasts that will talk about hilarious bank fails over the years across multiple banks. A little light heartedness to go with all the serious stuff.

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book...

 I got my job at Bank of America solely because I walked in to cash a financial aid check one day. I was treated with a little respect then. Now.... Students are finding themselves in a love-hate relationship with a bank that really doesn't want them

On today's podcast, learn about the desire to be the "official bank" of a university and what it even means.

Learn how banks fight for accounts for college students to fluff up their numbers, and how that also leads to overselling of credit cards without proper conversation about the responsibility on how to use it.

Learn how financial aid checks are being held a ridiculous amount of time these days, and how that leads to irreperable damage between client and bank, and learn that this is why I truly miss working at a bank. I miss teaching people how to be responsible with their money.

If you are a college kid, listen to this. If you have kids that are going to college, listen to this.

GO GO GO FIGHT FIGHT FIGHT!

Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book....

 Ever wonder why on the busiest time of the month, your ATM at Bank of America isn't working right?

Ever wonder how managers strategize for sales and why bankers want you to do your basic withdrawal at the ATM?

Give me five min and I will give you my "theory" based on 13 years of evidence in being employed there.

Stay tuned for more mini-podcasts coming soon!

 Visit our Twitter Page @bankscrewedus and @banksuckspod, Our website www.whyyourbanksucks.com for more info on our podcast, and follow host James B on Twitter @jamesbisright.

View my other projects:

The Banker Dude Podcast www.thebankerdude.com

Real Financial Advice for Real People

Books Coming Soon: "The Banker Dude Presents: Beer Money: Banking and Financial Tips for Today's Modern Man"

"Bank of America Nearly Made Me Homeless (And I Worked There)"

plus my Unnamed "BofA Complaints" Book....