Countrywide bought our mortgage loan from Homecomings Financial in July of this year. Since there was a month transition we were told we could skip the payment during the transition period, which we did. Then I resume making normal payments per the statements I received. Well, Countrywide applied our payment to the […]

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A bankruptcy court official in Pittsburgh, PA, entered into a settlement agreement with Countrywide Financial Corp after she opposed company tactics concerning bankruptcies.
Court Appointed Official Stands Up to Countrywide
Ronda Winnecour, the court appointed official that who monitors consumer bankruptcies, starting filing motions for sanctions against Countrywide after she claims the company mishandled payments from debtors.
Although […]

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The latest bank failure, First Priority of Bradenton, Florida, was closed by Federal and state regulators in the last few days.  For those of you keeping count, it’s the 8th failure this year and the first in Florida.
Beal Bank of Nevada agreed through a purchase and assumtion contract to acquire certain assets of First Priority. […]

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UBS, the Swiss  bank accused of misleading investors in the auction rate securities market, suspended the firms head of fixed income David Shulman.
According to the “Wall Street Journal” , a UBS spokesperson confirmed the suspension of Mr. Shulman in mid-July. In addition, the spokesperson said that UBS doesn’t believe any employees acted illegally but some […]

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Although this isn’t a new story, when Fort Worth, Texas based private equity firm “TPG”along with other “preferred” investors bought $7 billion of Washington Mutual stock at $8.75 per share at a time the stock was selling for $13. 15, my first thought was “what a hell of a deal”.
I was wrong, it’s better….  TPG’s […]

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New York State Attorney Andrew Cuomo filed civil fraud charges against UBS AG alleging that the bank sold risky securities to retail and corporate customers. According to Cuomo, the company committed “multibillion dollar consumer and securities fraud” and demanded any profits from the sale of these securities and damages.
Auction rate securities were issued by municipalities, […]

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I have had a credit card with HSBC for some time and had made my payments promptly. I ordered checks from my bank and they were lost in the mail. By accident, my bank stopped payment on what they thought were the lost check which were in fact the checks that did get to me. […]

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When I deposited my paycheck, for some reason they held it up for 3 days. This is a local employer that hasn’t ever had a problem with payroll checks.
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Have you ever wanted to vent about a Bank or Broker? Here at TheBankSucks.com, we encourage you to tell us your bank horror story . Go ahead, get it off your chest...