For the longest time Bank of America (and others) offered products called Credit Protection Plus and Credit Protection Deluxe. Sounds like a good plan to have, right? That’s what Bank of America would have you believe at least until recently. As the following article discusses, Bank of America has stopped offering these protection plans to its consumers.
Bank of America CLAIMS that this decision is part of the bank’s “larger strategy to streamline our business…” Right… It has nothing to do with the recent $210 million settlement between Capital One and federal regulators. Good try Bank of America, but we can see right through you. Our only hope is that the others out there still offering this add-on service will follow along.
Kevin Fallon McCarthy
Latest posts by Kevin Fallon McCarthy (see all)
- Different Ways to Get Out of Debt - January 22, 2019
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018