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
08/23/201616:54:35Securities Registration Statement (simplified Form) (s-3)
08/23/201606:05:01Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/23/201603:02:00U.S. Loses Appeal of Decision on BofA Fine -- WSJ
08/22/201617:42:00U.S. Loses Appeal of Decision Tossing Bank of America Fine...
08/22/201617:33:00U.S. Loses Appeal of Decision Tossing Bank of America Fine...
08/22/201616:50:00Government Loses Appeal of Decision Tossing Bank of America Fine
08/22/201616:39:00Court Denies Government's Request to Reconsider Tossing Bank...
08/22/201612:43:35Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/22/201610:24:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/20/201613:35:00BofA Equity Capital Markets' Deignan to Depart for Lazard --Update
08/20/201613:07:00BofA Equity Capital Markets Co-head Deignan to Depart for Lazard
08/19/201609:33:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/18/201610:58:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/18/201603:02:00MoneyBeat: BofA Investors Covet an Activist -- WSJ
08/17/201616:08:16Statement of Changes in Beneficial Ownership (4)
08/17/201615:20:00Broadcom Nearing Deal to Settle Lawsuit Over 2014 PLX Technology...
08/16/201615:00:18(25-NSE)
08/16/201614:40:00(25-NSE)
08/15/201616:18:34Current Report Filing (8-k)
08/15/201615:55:58Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad