David Mclaughlin
BofA to pay $7.7M SEC penalty over capital overstatements
WASHINGTON – Bank of America Corp. agreed to pay $7.65 million to settle U.S. regulatory claims that it overstated its capital by billions of...
BofA says ex-workers made impossible loan-program claims
NEW YORK – Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles...
BofA gave $500 bonuses to foreclose on clients, lawsuit claims
NEW YORK – Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied...
BofA $8.5B mortgage deal before judge after 2-year wait
NEW YORK - Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two...
BofA must face mortgage repurchase suit by U.S. Bancorp
NEW YORK – Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing...
BofA, Wells Fargo to be sued over mortgage deal
NEW YORK – Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating...
Bomb suspect said to tell investigators brothers acted alone
BOSTON - Dzhokhar Tsarnaev has communicated to investigators that he and his older brother alone were responsible for the Boston Marathon bombings and motivated...
BofA settlement process ‘seriously flawed,’ AIG expert says
NEW YORK - Bank of America Corp.’s $8.5 billion mortgage-bond settlement was reached through a “seriously flawed” process, said an expert for American International...
Mortgage servicers agree to $26 billion foreclosure settlement
WASHINGTON - Five banks will pay $26 billion to end a nationwide investigation of abusive foreclosure practices stemming from the collapse of the housing...
Foreclosure deal deadline arrives as states consider releases
NEW YORK - States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today,...
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