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Another lawsuit filed against Bank of America, pertained to $57.5 billion in mortgage-backed securities Bank of America sold to Fannie Mae and Freddie Mac. [139] That December, Bank of America agreed to pay $335 million to settle a federal government claim that Countrywide Financial had discriminated against Hispanic and African-American ...
Credit One Bank, N.A. Credit One Bank, N.A., headquartered in Las Vegas, Nevada, is a bank specializing in credit cards for borrowers with low credit scores. [2] It is owned by Sherman Financial Group, which runs one of the largest buyers of consumer debt in the United States. [3] Despite the similar names and "nearly identical" logos, Credit ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
A coin collector claims the bank sent notice to the wrong address that his branch was closing, then drilled open his box and later lost the coins. Lawsuit: $3M+ in rare coins missing after Bank of ...
The lawsuit accused Countrywide, and later Bank of America, of selling thousands of Hustle loans to Fannie and Freddie. The lawsuit says that that the Hustle program continued through 2009 ...
Source: Bank of America's 3Q12 10-Q (link opens PDF) pages 64-65.. The Bank of New York Mellon settlement The good news is that B of A has reached a settlement that extinguishes more than half of ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
In 1968 the bank merged with Valley Bank of Reno and changed its name to the Valley Bank of Nevada. [2] Thomas and Mack also invested in real estate in the Las Vegas area, with Thomas acting as a buyer for Howard Hughes. [2] Later, they also lent money to Steve Wynn. [6] The bank was eventually acquired by Bank of America for about $380.5 ...