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RUDE ROVER
The Christmas dog with no class! He sings and toots Jingle Bells.
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Who needs the hassle of a real Christmas tree?
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Web Hoax Museum

Is Bank of America cancelling the majority of its customers’ credit cards?
Status: False
This rumor is going around:

BoA to close credit cards for approximately 60% of customers?

"I work in Credit Department at BoA (Senior Level Credit Analysist Boa Bldg 3rd fl, Char, NC). We just received memo indicating that all BoA credit cards are being closed as of 10/1. Credit score and income do not matter, all accounts are closed as of 10/1." Executive VP Bank of America

"This is true, but not as bad as he/she says. We are closing accounts, but only ones with credit scores under 750. We will reopen cards within a year as long as crisis lessens." - J.mcmanus / VP Credit Dept BOA

The news is sourced to iReport.com. If true, it would be another sign of the deepening financial crisis on Wall Street, but Bank of America doesn't have any info about this on their website, so my guess is that the rumor is false.
Posted By: Alex | Date: Mon Sep 29, 2008 | Comments (14)
Category: Business/Finance