Bank of America is rated the number one bank in America. To uphold this great achievement, Bank of America is involved in helping the economy and creating healthy communities. Bank of America increases financial resources for small businesses and actively invests in education to help develop the nation’s workforce.

• Established: 1784
• Headquarters: Charlotte, North Carolina
• Website: 
• Support: Bank of America Customer Service Phone Number
• Products: Auto Loans, Banking, Credit Cards, Home Equity, Mortgages
• Assets: $2.23 Trillion
• Available: Online, over phone, and in branches; nationwide (5,900 banking centers)
• Similar Banks: Wells Fargo, Chase Bank, Citibank, US Bank

Bank of America Corporation was founded in 1874 and was formally known as NationsBank Corporation until the official name change that took place on October, 1998. Since then,

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Directbanc.com Goes In Depth with the Personal Finance Experts and their Personal Finance Blogs.

Today marks the debut of our “Asking the Experts” series of interviews with the best Personal Finance Experts from around the web. Our goal is to provide helpful information on a wide range of financial topics that affect a wide range of consumers.

We begin our financial expert series with the wonderful personal finance blogger Carrie Smith. Carrie Smith is the writer behind the Careful Cents personal finance blog. She’s a Certified Bookkeeper and Tax Consultant who loves to travel. She’s also a career junkie, social media addict, debt hater and food lover.

The Interview

1.    When considering the option of becoming self-employed, what are three tax implications that must be taken into consideration? •    Self-Employment tax. One of the first things most SE (self-employed) workers know, is they are responsible for their own taxes. However, they do

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A new court ruling raises doubts that hard-fought consumer protection laws will actually be able to protect consumers.

Earlier this month, the Supreme Court ruled that consumers who signed up for a credit card with a binding arbitration clause don’t have the right to dispute creditors in court over unfair fees or charges. Instead, they must hire an independent (read: expensive) arbitrator.

Here’s the kicker: many credit users don’t even realize their card came with an arbitration clause because it was hidden among fine print in the credit card agreement. That’s exactly the sort of sneaky behavior the formerly heralded Credit CARD Act of 2009 was supposed to prevent.

Critics say the 8-to-1 vote will only encourage credit card issuers and lenders to add even more clauses restricting consumers to arbitration down the road. Large credit card companies know that, when it comes to arbitration, consumers don’t have much of a shot.

Chicago bankruptcy lawyers rarely hear of a credit card holder winning an arbitration case.

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This is a seminal article and one that western companies and governments should study. The general assumption is that manufacturing work is outsourced overseas due to lower wages. Not so.

How the U.S. Lost Out on iPhone Work | NY Times

Apple executives say that going overseas, at this point, is their only option. One former executive described how the company relied upon a Chinese factory to revamp iPhone manufacturing just weeks before the device was due on shelves. Apple had redesigned the iPhone’s screen at the last minute, forcing an assembly line overhaul. New screens began arriving at the plant near midnight.

A foreman immediately roused 8,000 workers inside the company’s dormitories, according to the executive. Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day.

“The speed and flexibility is breathtaking,” the executive said. “There’s no American plant that can match that.”

This story developed following a question last year from President Obama to Steve Jobs. The backstory

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At Howard Law, P.C., Vincent Howard and our team of Highland foreclosure defense attorneys were interested to see a case in which a mortgage lender was penalized for failing to foreclose after the borrowers gave up the property. In Canning v. Beneficial Maine, Ralph and Megan Canning of Sanford, Maine, filed for Chapter 7 bankruptcy after falling behind on their mortgage payments, and ultimately agreed to surrender the property. However, after the surrender and after their discharge, Beneficial Maine wrote the Cannings to demand that they repay the considerable balance on their underwater loan. They reopened their bankruptcy case and filed an adversary proceeding to require Beneficial to either repossess or give up lien to the home. The bankruptcy court found that the collection letters violated the Cannings’ discharge, but that failure to foreclose did not.

The Cannings bought their home in 2007 and found themselves unable to refinance a year later because of a price drop. This led to a default and their Chapter 7 bankruptcy petition in 2009. With their petition and a separate letter to Beneficial, the couple indicated that they would surrender the home.

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