Bank of America Corp. asked a federal judge to reject homeowners’ effort to sue the bank over its failure to modify mortgage loans as a class-action case. The second-biggest U.S. lender by assets today urged U.S. District Judge Rya Zobel in Boston to deny the borrowers’ request to pursue the […]
Tag: Bank of America
It’s Official: Bank of America Has the Worst Reputation in the Banking Industry
People hate Bank of America (NYSE: BAC ) . And they do so with a vehemence typically reserved only for enemies of state. Over the weekend, we published a surprisingly popular article about recent testimony from former employees of the bank — I strongly encourage you to check it out […]
Bank of America $8.5 billion settlement heads for court showdown
A long-running fight comes to a head on Monday when court proceedings begin over an $8.5 billion settlement between Bank of America Corp and investors in mortgage securities that turned sour in the financial crisis. Bank of America agreed to the proposed settlement in June 2011 to resolve claims by […]
