September 19, 2014
An Oregon federal judge gave final approval on Thursday to a $31 million settlement resolving seven proposed class actions alleging Bank of America NA illegally forced homeowners to buy excessive amounts of flood insurance, overruling objections that a 25 percent class counsel fee is too high.
April 21, 2014
Bank of America NA has agreed to pay $31 million to settle a putative class action alleging the bank illegally forced homeowners to buy excessive amounts of flood insurance, according to a Monday ruling in Oregon federal court.