US-Bank of America settlement talks at standstillKaren Freifeld
On December 2, Bank of America announced that it settled claims brought by Freddie Mac for $404 million. The settlement resolves all remaining...
According toThe Wall Street Journal, Bank of America (BAC) has reached a record $17 billionsettlementwith the U.S. Department of Justice [DOJ] to resolve claims over the toxic residential mortgage-backed securities the lender issued in the run-up to the 2008 financial crisis. The report says...
Bank of America has agreed to pay USD 75 million to settle a lawsuit accusing the bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, Reuters says. A preliminary settlement of the proposed class action was filed with the federal court in...
The regulator previously indicated it objected to a proposed $8.5 billion settlement between Bank of America and investors in the toxic securities. On Friday it withdrew its notice of intent to object to that settlement, which is awaiting approval in New York state court, but did not provide a...
r Money's Source]]>Zachary A Goldfarb
Read the latest news on Bank of America to learn more about the most recent events, banking and cryptocurrencies with our Bank of America news section.
What is the settlement offer?Bank of America has agreed to pay out $8 million to customers who were not already refunded for repeated NSF or overdraft fees, according to the class action settlementwebsite. Bank of America has also promised to abandon the duplicate fee penalties for re-presen...
Bank of America (BAC) is in talks to pay at least $12 billion to settle several federal and state probes related to the lender’s improper mortgage-bond underwriting practices that took place before and during the 2008 financial crisis, the Wall Street Journalreports. ...
Bank of America was forced to take a number of charges and write-offs related to the deal in subsequent years. The costs included Bank of America’s settlement of a $2.4 billion class action lawsuit related to the acquisition.10 The Merrill Lynch name survives. The company was founded in ...