St. Petersburg, FL may cancel Bank of America contract

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St. Petersburg, FL may cancel Bank of America contract

St. Petersburg, FL may cancel Bank of America contract

TBO-

Citing complaints about Bank of America’s performance in the wake of the housing crisis, city Councilman Steve Kornell wants the city to stop doing business with the bank.

The city, which has a nearly $475 million operating budget, banks with and uses credit cards issued by Bank of America, and one of its contracts with the bank is up at the end of April. Before the council votes to renew it, Kornell wants to consider taking the city’s business elsewhere. Among his reasons are residents’ complaints about the bank’s failure to comply with provisions of a 2012 foreclosure settlement.

“The city shouldn’t do business with banks that are actively contributing to our foreclosure crisis,” Kornell said.

“Let’s not reward people who are violating the settlement,” Kornell said.

[TBO.com]

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One Response to “St. Petersburg, FL may cancel Bank of America contract”

  1. JIMI says:

    ALL AMERICA GOT TO FOLLOW SAIT PETERSBURG AND BOYCUT BANK OF AMERICA CROOKS THAT STEALING HOMEOWNERS HOMES ALL OVER AMERICA USING ROBO -SIGNERS ASSIGNMENTS OF MORTGAGEES,FORECLOSING ON HOMES THEY DO NOT OWN

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