BofA close to beating DOJ $850M RMBS fraud suit

Recently, the DOJ and the sec filed 2 separate civil lawsuits against the company related to the sale of RMBS in Jan 2008. BofA Sued by DOJ & SEC Over RMBS – August 7, 2013 – BofA.

Citigroup to Pay the Largest Penalty of Its Kind – $4 Billion. The RMBS Working Group is a federal and state law enforcement effort focused on investigating fraud and abuse in the RMBS market that helped lead to the 2008 financial crisis. The RMBS working group brings together more than 200 attorneys, investigators,

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The U.S. Department of Justice and the Securities and Exchange Commission are both charging Bank of America Corp. (NYSE:BAC) with fraud in connection. Search Close Sign In

SEC and DOJ Civil Investigations, Lawsuits and Settlements of Financial Crisis Cases August 2017. CFPB: [TOP TEN]"Republicans want to sideline this regulator, but it may be too popular" (NYT, 8/31/17) "Republicans for Richard Cordray" (WSJ, 8/11/17) July 2017. CFPB: "Trump appointee wants to delay rule that lets consumers bring class-action suits against banks" (LAT, 7/18/17)

Bank of America close to beating DOJ $850M RMBS fraud suit he U.S. Department of Justice has not proven its charges that Bank of America ( BAC ) misled investors about the quality of loans bundled into $850 million in mortgage-backed securities.

DOJ Sues Bank of America For Lying About Sketchy Mortgage-Backed Securities 8.6.13 5:08 PM EDT By Chris Morran @themorrancave fool me a few million times bank of america lawsuits doj.

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In September, BofA beat the Federal Deposit Insurance Corp.’s $1.5 billion suit over RMBS transactions after a California federal judge said the claims were time-barred.