ADVFN - Advanced Financial Network.
HOME» NYSE » B » BAC Stock Price » BAC Stock News

Bank of America Share News

 Bank of America Corp. Stock Price
BAC Stock Price
 Bank of America Corp. Stock Chart
BAC Stock Chart
 Bank of America Corp. Stock News
BAC Stock News
 Bank of America Corp. Company Information
BAC Company Information
 Bank of America Corp. Stock Trades
BAC Stock Trades

FTC: Mailing 450,000 Refund Checks In Countrywide Settlement

By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The Federal Trade Commission said Wednesday that it is mailing more than 450,000 refund checks to struggling homeowners who were allegedly cheated by Countrywide Home Loans as they fought to keep their homes. The FTC reached an agreement last year with Countrywide, now a unit of Bank of America Corp. (BAC), in which the company agreed to pay $108 million to settle charges that it took advantage of homeowners in distress by inflating the cost of services relating to their defaults, such as property inspections and foreclosure services. The agency also alleged that Countrywide overstated the amounts that borrowers owed when they entered bankruptcy, as well as surreptitiously adding fees and charges to homeowners' accounts. FTC Chairman Jon Leibowitz said in a statement Wednesday that Countrywide's behavior was unconscionable. "It's astonishing that a single company could be responsible for overcharging more than 450,000 homeowners," he said. The charges involved activity at Countrywide prior to its June 2008 acquisition by Bank of America. Bank of America representatives could not immediately be reached for comment. -By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com

Stock News for Bank of America (BAC)
DateTimeHeadline
07/03/201512:02:03Bank of America Earnings: 3 Things to Watch
06/30/201516:48:16Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/30/201516:02:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/30/201515:50:22(25-NSE)
06/29/201517:30:12CFTC Targets Swaps Loophole
06/29/201517:14:32Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/29/201516:36:35Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201516:05:22Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201516:00:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201515:30:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201514:46:28Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/29/201514:44:02How Much Exposure Does Bank of America Have to Greece?
06/29/201511:49:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/29/201511:16:04Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/29/201510:00:00Perpetually Plugged In: America’s Smartphone Obsession Continues a...
06/29/201506:02:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/28/201510:05:02A Brief History of Bank of America in Crisis
06/26/201517:12:33Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/26/201515:50:31Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/26/201515:37:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

Bank of America and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad