BofA Pays Nearly $17B In Record US Mortgage Deal

By Evan Weinberger (August 21, 2014, 9:14 AM EDT) -- Bank of America Corp. on Thursday agreed to a $16.65 billion settlement with the U.S. Department of Justice that will resolve claims that the bank and two of the companies it picked up during the financial crisis engaged in faulty lending during the housing boom years, marking the largest settlement related to the 2008 financial crisis....

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