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More Bank of America Articles

  • Bank of America paying $7.65M to resolve inquiry

    NEW YORK (AP) — The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations that it overstated how much capital it had on its books. Bank of America Corp. said in April that it had made an error in how it how it valued securities obtained in its...

  • 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.

  • 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.



From the Weekly Standard