August 13, 2013
Bank of America Corp. and its Countrywide Financial unit have reached a deal resolving what remained of a racketeering class action brought by a married couple who claimed they were deceived into taking out a subprime loan that ultimately dragged their house into foreclosure, according to court documents filed Tuesday in California federal court.
October 31, 2012
A California federal judge Tuesday largely wiped out racketeering and unfair competition allegations against Bank of America Corp. and Countrywide Financial Corp. from a married couple who say they were improperly given a subprime loan and sent into foreclosure, calling them time-barred and unspecific.