Bank of America settles two crisis-era lawsuits
· The settlement with PHH Mortgage Corporation marked the ninth mortgage servicing settlement reached by Attorney General Bondi since 2012.
This is certainly not the first time the bank has faced such allegations. In 2010, Arizona and Nevada sued Bank of America for mishandling modification applications. Last year, Bank of America settled a lawsuit brought by a former employee of a bank contractor who accused the bank of mishandling HAMP applications.
The U.S. government on Thursday filed a civil fraud lawsuit accusing ubs group AG (UBSG.S), Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed.
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.
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Bank of America’s settlement with Deutsche Bank and bnp paribas closes the. million to settle a pair of financial crisis-era lawsuits filed by Deutsche Bank. The two banks sued Bank of America, which acted as middleman.
· Advanced Disposal Fees Class Action Lawsuit. This class action lawsuit affects individuals who paid one or more fees to the waste and recycling service company can get a full refund of those fees from this class action settlement in Georgia and Alabama. If you are one of these class action members, then you may be eligible for a potential award.
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.
Charlotte-based Bank of America has settled two financial crisis-era lawsuits over who should pay for the multi-billion dollar fraud at disgraced lender Taylor Bean & Whitaker Mortgage, whose.
NEW YORK (Reuters) – Bank of America has agreed to pay $66.6 million to end a lawsuit accusing it of collecting unlawfully high rates of interest, styled as fees, from customers who let their.
Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement.more here.