April 11, 2014
A California federal judge on Friday approved Bank of America NA's settlement of a proposed class action alleging the bank under-reported deferred-interest mortgage payments to the Internal Revenue Service, with the bank reissuing tax forms worth $223 million in deductions to more than 90,000 property owners.
September 06, 2012
Bank of America NA on Wednesday asked a California federal judge to toss a proposed class action accusing the lender of underreporting deferred-interest mortgage payments to the Internal Revenue Service, suggesting a homeowner is alleging bogus contract violations because he didn't do his taxes properly.
July 13, 2012
A San Diego homeowner hit Bank of America Corp. with a proposed class action in federal court Friday, accusing the bank of under-reporting to the Internal Revenue Service "millions, if not billions, of dollars" of homeowners' tax-deductible, deferred-interest mortgage payments.