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Tag Archives: Bank of America

Bank of America employee pleads guilty

A Bank of America employee has admitted to helping drug traffickers launder millions of dollars. Presiliano Garcia, 33, pleaded guilty before U.S. District Judge Elizabeth A. Wolford to misprision of a felony. The charge carries a maximum penalty of three ...

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Bank of America grants for nonprofits

The Bank of America Charitable Foundation has awarded $161,500 in grants to 12 local nonprofits that help strengthen the Rochester community by playing a critical role in connecting Rochester’s high school students, veterans, and low-income individuals and families to financial ...

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BofA pays $7.65M to resolve inquiry

NEW YORK (AP) — The Securities and Exchange Commission said Bank of America will pay $7.65 million to settle allegations that it overstated how much capital it had on its books. Bank of America Corp. said in April that it ...

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BofA paying $772M over selling credit card extras

WASHINGTON (AP) — Bank of America Corp. is paying $772 million in fines and refunds to settle regulators’ accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn’t ...

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BofA to settle mortgage investors’ class-action

NEW YORK — Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported ...

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Bank forum on avoiding foreclosure

Representatives from Bank of America will be in Rochester for two days this week to meet with customers facing financial difficulties with their home loans. Bank of America customers seeking information or assistance with applying for a mortgage modification program ...

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BofA mortgage fraud lawsuit tops $1 billion

NEW YORK — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis. U.S. Attorney Preet Bharara ...

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Bank of America bad-loan provisions at 2007 level

NEW YORK — Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis. The bank said it earned ...

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Bank of America to reduce loans for homeowners

NEW YORK — Bank of America is providing mortgage relief to about 200,000 homeowners. Homeowners that qualify are those whose home values have fallen below what they owe on their mortgages. Bank of America will reduce the amount owed by ...

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