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Bank of America to pay borrowers $108 million (access required)

by admin

Published: June 7,2010

Time posted: 11:13 am

Tags: Bank of America

Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure. It's the latest evidence of misconduct at Countrywide, once an industry giant that has since fallen. Last year, three top executives, including former CEO Angelo Mozilo, were ...





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