Bank of America is closing inactive accounts and transferring funds to state custody under escheatment laws—here's how to ...

Recently, several sources have highlighted concerns about protecting your BoA account from potential cancellation. Find out ...

According to rules on the financial institution’s official FAQ page on its website, the bank will close accounts it ...

The FDIC now lets banks engage in crypto services without needing prior approval, streamlining oversight while retaining risk ...

Bank of America is warning customers that their accounts may be canceled if they haven’t been in used in several years. The ...

Escheatment is the process by which a financial institution must report and remit any abandoned or unclaimed property for ...

On the same day, the FDIC wrote a letter allowing banks to engage in crypto-related activity without prior approval, while ...

The Federal Deposit Insurance Corporation has released a new "Financial Institution Letter" on crypto-related activities, ...

The Federal Deposit Insurance Corporation issued a Financial Institution Letter that provides new guidance for FDIC-supervised institutions ...

Bank of America has issued a warning for its customers. It stated it can cancel any accounts that don't meet a certain requirement and send the leftover funds to the state to comply with laws and ...

Anna Magzanyan is the president of LA Times Studios.