BofA Dodges $1.3B Mortgage Fraud Fine

By Dani Kass (May 23, 2016, 12:24 PM EDT) -- The Second Circuit on Monday threw out a New York district court judge's $1.3 billion penalty against Bank of America over a financial crisis-era mortgage program, determining that the bank can't be held liable for fraud for what may have been an intentional breach of contract....

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