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
05/22/201515:26:16Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/21/201517:04:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/21/201513:46:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201517:16:46Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201513:08:02Bank of America's Problem (and Solution) in 140 Characters or...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201511:00:01Banks to Pay $5.6 Billion in Penalties in FX, Libor Probe
05/20/201508:35:00Bank of America to Participate in the Bernstein Strategic Decisions...
05/20/201508:06:02The Competitive Advantage of the Best Bank Stocks
05/19/201520:09:07Theft of Debit-Card Data From ATMs Soars
05/19/201517:05:39Merrill Recruits Nearly $3 Billion Broker Team -- Street Moves
05/19/201509:12:00Americans Participating in 401(k) Plans Give Bank of America...
05/19/201508:30:00BofA Merrill Lynch Fund Manager Survey Finds Investors Selectively...
05/19/201507:16:02Traditional Bank vs. Credit Union vs. Online Bank
05/19/201506:02:26Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/19/201506:02:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/19/201506:02:24Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
05/18/201515:58:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/18/201506:02:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/17/201511:09:023 Mortgage Moves That Could Save You Thousands of Dollars

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