More Bank of America Articles

  • ACORN-linked groups may profit in Bank of America settlement

    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.

  • Bank of America to pay $16.65 billion in multi-state, federal settlement

    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...

  • Bank of America settlement likely to benefit few

    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'...

  • Illinois gets $300M in Bank of America settlement

    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...

  • Bank of America agrees to nearly $17B settlement

    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...

  • VIDEO: Justice Department, Bank of America reach $17 billion settlement

    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.

  • Bank of America settles for record $17 billion in mortgage inquiry

    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.

  • B ofA reaches $17B settlement with US

    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...

  • Why Bank of America deal might not cost it $17B

    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...

  • AP source: BofA nears $16-$17B settlement with US

    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...



From the Weekly Standard

  • ‘We Don’t Have a Strategy Yet’

    "Rooting out a cancer like ISIL won’t be easy and it won’t be quick,” President Obama told the American Legion’s annual convention in Charlotte on Tuesday, August 26. He repeated the thought in...

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  • Small Ball in Wisconsin

    West Allis, Wis. --  Scott Walker looked relaxed. Dressed in light blue Levi’s jeans, a navy polo shirt, and white and gray Nike sneakers, the Wisconsin governor had just finished speaking at a...

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  • Democrats Take the Low Road

    Conway, Ark. "Tom Cotton voted against preparing America for pandemics like Ebola,” a TV ad in Arkansas declared last week. The ad came from Democrat Mark Pryor, who is running for reelection to...

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