Bank of America settles two crisis-era lawsuits

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Bank of America paid $315 million to settle a pair of financial crisis-era lawsuits filed by Deutsche Bank and BNP Paribas over losses tied to fraud at Taylor Bean & Whitaker Mortgage.

Bank of America settles a class action lawsuit claiming that it "improperly increased the interest rate on delinquent or defaulted FIA, MBNA, and Bank of America credit cards by calculating the.

Attorney General Eric Holder and associate attorney general Tony west announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history – to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide.

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(Reuters) – UBS Group AG, Switzerland’s largest bank. when the two sides could not come to terms, the department filed a lawsuit. More recently, HSBC Holdings Plc agreed to pay $765 million in.

A $27.5 million Settlement has been reached in a class action lawsuit claiming that Bank of America breached its contract with consumer checking account holders and unfairly assessed and collected Overdraft Fees on certain Debit Card transactions. Bank of America maintains it did not breach its contract and treated Account holders fairly.

BofA settles two more crisis-era lawsuits. Apr. 2, 2015 3:15 PM ET | About:. Bank of America announces $30.9 billion buyback, raises dividend Video at (Jun 27, 2019)

The two lawsuits came from Deutsche Bank and BNP Paribas, whose mortgage units both invested in notes issued by Taylor Bean’s Ocala Funding unit, a mortgage conduit. Bank of America settles two.

If you do nothing, you will get no money from this settlement. However, unless you exclude yourself, you will not be able to start a lawsuit, continue with a lawsuit, or be part of any other lawsuit against the Bank of America Corporation and the other Defendants about the issues raised in this case.

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Homeowners File Class Action Lawsuit Against Bank Of America For Allegedly Failing To Modify Troubled Mortgages A class action lawsuit was filed against Bank of America in U.S. District Court, Western District of Washington (Seattle), No. 10-00488, on behalf of homeowners alleging that Bank of America reneged on a promise to modify troubled mortgages as [.]