As if banks and credit card companies aren’t charging enough these days Bank of America has decided to test new pricing models. BOFA expects to lose $4.3 billion in revenue as a result of the new federal restrictions on bank and credit cards.

How do they plan on recovering some of this loss? By charging its customers for not using their cards of course. Customers who do not use their cards a certain number of time a month, conduct all their banking electronically or do not maintain a minimum current balance will be charged more then other customers. For example, customers who want paper statements will be charge $8.95 per month.

It will be interesting over the next few months to see the estimated ½ dozen new pricing packages BOFA will roll out and which ones will remain permanent.

Arizona’s new law has drawn so much national attention recently that even the Justice Department has stepped in to file a lawsuit against the state. The new law, requiring immigrants to carry alien registration at all times and allowing authorities to question their residency status with reasonable suspicion that they are not in the country legally, is being seriously questioned.
The Justice Department is suing the states new law in violation of the supremacy clause in the Constitution. Along with many others who are fighting against the law, the Justice Department believes the law is too strict. Although it is federal law to illegally be in the country, the department believes this specific law takes it too far and causes further unnecessary problems with racial profiling. With the hispanic culture expanding throughout the country, it isn’t easy to to chose those who may or may not be living here legally, making it easier for even those who have legal papers to be harassed.
It seems that Arizona is in the news all over the place…. payday loan law going in effect this month, and now also the excitement surrounding the immigration law. Leadpile is located in AZ, so we all will be keeping an eye on all this EXCITING news!!!!

Almost everyone goes to the ATM to take out cash on a regular basis. Most of the time we do not even think about the task because it has become second nature. But have you ever found yourself in a situation where you need cash and you can find every other banks ATM, but not yours? It is not a big deal going to an ATM other than your own until you see that they are going to charge you around $3.00 to complete your transaction. Then on top of that your bank sometime charges you additionally for banking elsewhere. Over time all those fees can really add up!
Is anything currently being done to lower the fees or get rid of them at all? Currently, the Federal Reserve is reviewing the matter of the rising fees. This all started to come to the service when Bankrate.com found that out of network bank fees rose 12.6% from last year. Where every dollar counts these days, it would be great if the bank fees were eliminated or at the least, decrease. It should not cost an individual $5.00 to take out $20.00.
Here are some useful tips of how to avoid these fees:
1. Only withdraw money from your OWN bank
2. Use your debit/credit card
3. Get cash back when you are at the store
Maybe we should all go back to the old school way of banking… use a piggy bank!

Curious, what’s the next category LeadPile is looking at generating?  Well, folks here you have it!  Tax Debt Leads.  Very popular, and the demand is off the charts.  

The definition of this lead type is clearly back taxes. Consumers that did not file or owe a lot of many preferably in Federal taxes.  Why, the sudden demand?  For years, we have encounter consumers finding themselves in financial trouble, but the economy now is focused on people not paying taxes.  Believe me thousands of consumers owe money to the Federal system.

The downfall for thousands of people is that when you owe money to the Feds, the Federal government has the ability to start garnishment from your revenue or put liens on your property.  Not an experience you would like to encouter.  You will also be penalized and depending on the time frame owed or amount owed it can become a serious headache to deal with them, as you will be fined and some people even experience time in jail. OUCH!

LeadPile Lead Exchange will be introducing Tax Debt Lead.  We will connect the consumer that are in serious tax debt and need assistance talking to a specialist that can assist them.  Stay tune for a more firm ETA!