CORPWATCH: Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges

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Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges
Pratap Chatterjee
August 21st, 2014

Bank of America has agreed to pay the government $9.65 billion to settle charges of misleading investors over mortgage lending in the run up to the 2008 financial crisis. The bank will also pay out an additional $7 billion to help borrowers and communities affected by the loans.

See http://www.corpwatch.org/article.php?id=15965

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Pratap Chatterjee
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