Bank Of America Facing New Legal Trouble Over Jumbo Prime Loans
Bank of America Corp (NYSE:BAC) has disclosed that it is facing civil charges from the Department of Justice over mortgage-backed securities, Tom Braithwaite and Kara Scannell of the Financial Times report. Bank of America Corp (NYSE:BAC) has been in and out of legal trouble since the crisis began in 2008 for lending to people who could not have realistically paid back their debts, but the DoJ has mostly stayed out of those proceedings.
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