Whistle-Blower on Countrywide Mortgage Misdeeds to Get $57 Million

. . .     Whistle-Blower on Countrywide Mortgage Misdeeds to Get $57 Million   Piggybankblog posted on 12/17/14 Reposted from nytimes.com   Updated, 4:59 p.m. | A former Countrywide Financial executive who became a whistle-blower is collecting more than $57 million for helping federal prosecutors force Bank of America to pay a record $16.65 […]

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UPDATE 2-U.S. Bank, Bank of America sued over mortgage securities

. . .   UPDATE 2-U.S. Bank, Bank of America sued over mortgage securities   Piggybankblog posted on 12/17/14 Repost from retuers.com   By Emily Stephenson Dec 17 (Reuters) – The U.S. credit union regulator said on Wednesday it filed a lawsuit against U.S. Bank and Bank of America over mortgage securities sold in the […]

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Bank of America fails 2 mortgage settlement tests

. . .     Bank of America fails 2 mortgage settlement tests   Piggybankblog posted on 12/24/14 Repost from charlotteobserver.com   Bank of America has failed two of 31 tests designed to see whether it is complying with a national mortgage settlement’s rules, a report Tuesday from the settlement’s watchdog shows. The tests involve […]

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Bank of America ordered to pay Tampa family $1 million for harassing calls

. . .   Bank of America ordered to pay Tampa family $1 million for harassing calls   Piggybankblog posted on 12/09/14 Reposted from tampabay.com   TAMPA — For four years, Joyce and Nelson Coniglio were haunted by these words: This is Bank of America calling. The calls started in 2009 when B of A […]

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With Bank of America Order, S.E.C. Breaks the Mold

. . .   With Bank of America Order, S.E.C. Breaks the Mold   Piggybankblog posted on 12/08/14 Repost from nytimes.com   A Bank of America settlement was held up because the S.E.C.’s commissioners could not agree on granting the bank a waiver from rules that could prevent it from selling certain investments. The recidivism […]

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SEC’s Stein says Bank of America waiver policy is ‘breakthrough’

. . .     SEC’s Stein says Bank of America waiver policy is ‘breakthrough’   Piggybankblog posted on 12/04/14 Repost from reuters.com   (Reuters) – A top U.S. regulator praised the structure of a regulatory waiver granted last month to Bank of America Corp, saying the tougher conditions imposed on the bank may help […]

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The biggest banks have paid $180 billion in fines since the financial crisis

. . .   The biggest banks have paid $180 billion in fines since the financial crisis   Piggybankblog posted on 12/02/14 Repost from marketwatch.com   NEW YORK (MarketWatch) — Legal claims against the world’s leading banks have reached $178 billion since the financial crisis, according to a new global banking study by the Boston […]

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advertisement Bank of America Apologizes for Double Charging on Apple Pay

. . .     Bank of America Apologizes for Double Charging on Apple Pay   Piggybankblog posted 10/22/14 Reposted from nbcnews.com   A number of Bank of America customers took to Twitter to complain they were charged twice for purchases they made using Apple‘s new mobile payments system. A Bank of America spokeswoman said […]

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In October of 2014 Consumer Bureau Finds Homeowners Harmed by Loan Companies

. . .     Consumer Bureau Finds Homeowners Harmed by Loan Companies   October 21st, 2015 Article from consumerfinance.gov   Oct. 29 (Bloomberg) — The three-year-old U.S. consumer protection agency said it discovered that the largest mortgage servicers have been mishandling loan modifications and harming borrowers since new rules came into effect in January. […]

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Why Bank of America CEO Brian Moynihan’s promotion spells bad news

. . .     Why Bank of America CEO Brian Moynihan’s promotion spells bad news   Piggybankblog posted on 10/04/14 fortune.com article   Wall Street’s watchdogs, let out to run after the financial crisis, are slowly being put to sleep. Another one just got sent to the pound. On Wednesday, Bank of America announced […]

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