Posts Tagged “Bank of America”
by admin on December 2, 2013
WASHINGTON – Bank of America Corp. agreed to pay $404 million to Freddie Mac to settle claims related to bad mortgages the bank sold to the housing finance giant, the companies said Monday. The settlement resolves all disputes between the two firms related to (…)
by admin on November 27, 2013
A Bank of America employee has started an online petition asking the bank to stop the roll-out of video teller ATMs, saying the machines will replace well-paid branch staff with lower-wage call centre operatives. Alex Shalom, who works behind the (…)
by admin on October 25, 2013
JPMorgan Chase, America’s largest bank, has provisionally agreed to pay $13 billion to regulators to resolve investigations into its mortgage activities. It is the latest in a string of hefty settlements. Last year, in the National Mortgage Settlement, five American (…)
by admin on September 26, 2013
Bank of America continues to neglect foreclosed homes it owns in predominately minority neighborhoods even though it is under investigation for discriminatory practices, a new complaint by The National Fair Housing Alliance alleges. The complaint, filed Wednesday with the U.S. (…)
by admin on January 14, 2013
Last January, dozens of independent contractors showed up for their first day of work at a large, single-story Bank of America building in Tampa to right the wrongs of a foreclosure crisis that many had witnessed firsthand. Or so they thought.
Treasury Targets Business Associate of Dead Gaddafi’s Son and Other Top Compliance Stories on Oct. 25, 2012
by Kyle Colona on October 25, 2012
Treasury Targets Business Associate of Dead Gaddafi’s Son The Treasury Department fingered Dalene Sanders for providing support and services to Saadi Gaddafi, son of dead Libyan leader Muammar Gaddafi. Saadi Gaddafi is currently believed to be in Niger and he (…)
by The Compliance Exchange on September 26, 2012
A nonprofit group on Tuesday accused Bank of America Corp (BAC.N) of maintaining and marketing foreclosed homes in white neighborhoods much better than those it owns in African-American and Latino neighborhoods.
by The Compliance Exchange on September 18, 2012
A U.S. district court confirmed on Monday that Bank of America Corp’s Merrill Lynch must pay $10.2 million to two former brokers for unpaid deferred compensation
by The Compliance Exchange on July 18, 2012
Today’s top compliance news includes the CFPB’s first action (fining Capital One), a settlement between BofA and Syncora, and more.
by Beth Connolly on July 9, 2012
Did Bank of America fail to properly enforce anti-money laundering oversight?