November 22, 2016
A Pennsylvania federal judge on Tuesday tossed a proposed class action accusing Bank of America Corp. of unlawfully referring borrowers to private mortgage insurance providers in exchange for kickbacks, saying the Racketeer Influenced and Corrupt Organizations Act claims were time-barred.
July 11, 2016
A group of Bank of America Corp. mortgage borrowers pursuing a class action over alleged kickbacks garnered from overpriced mortgage insurance urged a Pennsylvania federal judge on Friday to reject BofA's position that their claims are untimely, saying it fails to appreciate tolling rules for Racketeer Influenced and Corrupt Organizations Act claims.
May 20, 2016
Bank of America Corp. on Friday asked a Pennsylvania federal judge to dump a proposed class action over alleged kickbacks garnered from overpriced mortgage insurance, saying that the Racketeer Influenced and Corrupt Organizations Act suit came too late.
March 09, 2015
Bank of America Corp. on Friday asked a Pennsylvania federal judge to dump a proposed class action over alleged kickbacks garnered from overpriced mortgage insurance, saying the Racketeer Influenced and Corrupt Organizations Act suit is nothing more than a rehashed version of another suit that was dismissed as time-barred by the Third Circuit in October.
January 15, 2015
Bank of America Corp. and its reinsurance affiliate masterminded a captive reinsurance scheme under which it received kickbacks for referring its mortgage customers to private insurers, according to a proposed class action filed in Pennsylvania federal court Wednesday.