BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
BofA Q2 Earnings Tumble on $4 Billion Expense for Litigation
Bank of America spent $4 billion in the second quarter to cover litigation costs, including a mortgage settlement with American International Group.
Morgan Stanley Sued for Targeting Black Homeowners
According to the ACLU, who filed the lawsuit, the case is the first to link racial discrimination to mortgage-backed securities.
Bank of America in $335 Million Settlement Over Countrywide Loans
The DOJ says it's the largest settlement in history over residential fair lending practices.