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Bank of America

Dec 17, 2018

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 […]

Jul 14, 2015

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 […]

Sep 29, 2014

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 […]

Apr 10, 2014

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 […]

Feb 3, 2014

Judge OKs $8.5B Bank of America settlement

ALBANY — A New York judge on Friday approved most of the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New […]

May 6, 2013

Schneiderman: Two banks violated mortgage accord

ALBANY — New York’s attorney general on Monday accused Wells Fargo and Bank of America of violating the terms of last year’s national mortgage settlement by failing to process hundreds […]

Apr 17, 2013

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. […]

Jan 21, 2013

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 […]

Oct 25, 2012

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 […]

Oct 17, 2012

Bank of America, others say housing has ‘begun to turn’

NEW YORK — For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit. Now, the business of mortgage lending […]

Apr 19, 2012

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 […]

Mar 11, 2012

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 […]

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