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I hope that everyone also noticed this in their October 2009 letter.
In addition another interesting “fine print” that was added to my new terms is: “If the Wall Street Journal does not publish the U.S. Prime Rate, or if changes the definition of the U.S. Prime Rate, we may, in our sole discretion, substitute another index.”What other type of index? How many changes will they continue to make on this loan?
Yes, I understand that ole Ken will not see this personally, but enough people e-mailing to this address may stir the pot. We want to be above board when we e-mail BofA point out the facts on just how misleading this loan was and how many good people are being affected by it!
Below is Ken Lewis' e-mail address. I have e-mailed my complaint directly to him as well as some other BofA addresses I was able to get. I have told them that I have filed complaints with Comptroller of the Currency, Several States Attorneys General, both of my Senators, and Congressman as well. I urge everyone on this site to do the same. It is time we stand up to these predatory practices. I for one am going to a Credit Union and keeping my money at home, not with these MEGA Financial Institutions that have been created.
Let's keep the pressure on this one!! ken.d.lewis@bankofamerica.com
Goldoptionfight, I just posted in your blog. I would ask others to do the same and please start complaining to the federal agencies as well as congress and your senators.
Everyone on this site, start e-mailing Ken Lewis' (ken.d.lewis@bankofamerica.com) e-mail with comments regarding what has happened. Make sure that you tell them you have filed complaints with your representatives, media outlets, House Banking Committe, Comptroller of the Currency and Attorney Generals office. Keep it above board with no vulger language!
It has worked for me and I truly believe this campaign may work for all of us!! Good Luck and Keep Up the Fight!
I will be filing a complaint with the Comptroller of the Currency, my state Attorney General, federal reserve and the FTC. [url=http://www.occ.treas.gov/customer.htm]OCC: Consumer Complaints and Assistance[/url] [url=http://www.oag.state.tx.us/consumer/complain.shtml]Texas Attorney General[/url] [url]https://www.federalreserveconsumerhelp.gov/FormComplaint.cfm[/url] [url]https://www.ftccomplaintassistant.gov/[/url]
I am in the same situation, just spoke with ourfriends at BofA, they have agreed to send me the original loan agreement, which of course I did not sign, because it was a telephone transaction. They said I have no remedy, I simply must comply with whatever rate changes they see fit to demand.
I read the letter that John Collingwood of BofA sent to Barney Frank. I will be writing to his office and my own representatives, demonstrating that BofA is lying and I will include a copy of the letter from BofA changing my terms. I am also going to look into my legal options and will try to share what I find out with this forum.
Wow...as happy as I am to see other people are sharing my experience, I am appalled at BoA's ballsyness to do this. One thing I can't believe is I never kept my original paperwork when I made the loan and yes its my own fault. I guess I'd never thought I'd be screwed by them when they kept marketing it as fixed price for the entire term of the loan.
I'm really hoping someone reads this has the original paperwork. Thanks for all your posts people...strength in numbers is right.
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