On Thursday, Bank of America agreed to pay $16.65 billion to resolve allegations it sold toxic mortgages in the lead-up to the national financial crisis — the largest civil settlement ever between a single firm and the U.S. government. The nations second-largest bank will pay a total of $9.65 billion in cash and provide approximately $7 billion to provide consumer relief, such as reducing mortgage payments for struggling homeowners. More here: kgns.tv/a?a=272148011
Posted on: Thu, 21 Aug 2014 15:01:39 +0000
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