By Mark Tapscott | 08/29/14 08:26 PM
Congress banned federal funding for ACORN in 2009 after years of allegations of misuse and corruption, but many of its local chapters reorganized under new names and continued their previous operations.
08/22/14 03:16 PM
BALTIMORE (Legal Newsline) – Maryland Attorney General Doug Gansler said Thursday a $16.65 billion multi-state and federal settlement has been reached with Bank of America and its two subsequent acquisitions to resolve allegations they unlawfully packaged securities containing toxic...
08/21/14 05:45 PM
WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners'...
08/21/14 04:45 PM
CHICAGO (AP) — Illinois will receive $300 million of a national $16.65 billion settlement between the government and Bank of America over the bank's role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. About $200 million of Illinois' portion will go toward...
08/21/14 01:00 PM
WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. The deal calls for the bank, the second-largest in the U.S., to...
By Lisa Ruhl | 08/21/14 12:09 PM
The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.
By Joseph Lawler | 08/21/14 10:11 AM
The Department of Justice said that it would be the single largest settlement with a U.S. business in history. The agreement includes $9.65 billion in cash paid out to federal and state agencies, and nearly $7 billion in consumer relief to borrowers hurt by the mortgage crisis.
08/20/14 07:45 PM
WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday. One of the officials, who...
08/20/14 07:31 PM
WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar. Inflated figures make sensational headlines...
08/06/14 10:30 PM
WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday. The deal with the bank, which...
By Byron York | 08/31/14
By Ashe Schow | 08/28/14
By Michael Barone | 08/27/14
By Justin Green | 08/31/14
By Susan Crabtree | 08/30/14