Bank of America to Pay $410 Million in Overdraft Case -- "Bank of America Corp., the largest U.S. lender by assets, agreed to pay $410 million to settle lawsuits alleging deceptive practices in the management of customer accounts that led to excessive fees for overdrafts."
So for 'fun', I decided to keyword the phrase "Bank of America to Pay"
I got these headlines...
Bank of America to pay Mortgage Settlement Worth $3 Billion (CNN Money) 1/11/11 -- "Bank of America has reached a $3 billion agreement with Freddie Mac and Fannie Mae to resolve a faulty mortgage loan dispute involving Countrywide Financial Corp. Bank of America said that it paid nearly $1.3 billion to Freddie Mac and more than $1.3 billion to Fannie Mae on Dec. 31."
Bank of America to pay $67M Settlement (WFMZ-TV) 12/11/10 -- "Bank of America will pay $67 million as part of a multistate settlement concerning a nationwide scheme to ring bids and other other anticompetitive conduct that defrauded state agencies, municipalities, school districts and non-profit organizations, Pennsylvania Attorney General Tom Corbett announced Tuesday"
Bank of America to pay $137 Million, Avoid Conviction (Wash. Times) 12/7/10 -- "Bank of America agreed on Tuesday to pay $137.3 million in restitution to federal and state agencies for its role in a conspiracy to rig bids in the municipal bond derivatives market and as a condition of its admission to a Justice Department leniency program allowing it to avoid criminal convictions and fines."
Bank of America to pay $2.5 million penalty in Merrill Lynch fee-discount case (Orlando Sentinel) 8/19/10 -- "Securities industry regulators have levied penalties totaling $2.5 million against Bank of America Corp.'s Merrill Lynch operation for failing to give investors proper fee discounts"
Bank of America to pay about $200K to settle no-call suit (St.Louis Post-Dispatch) 6/10/10 -- "Bank of America will pay Missouri $195,000 to settle allegations that the Charlotte, N.C.-based behemoth violated the state's telemarketing laws, the Missouri Attorney General's office announced today"
Bank of America to pay Borrowers $108 Million (AP) 6/7/10 -- "Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure."
That's a lot of $$ to be paying out isn't it?
It seems in early 2010, B & A sure had enough $$ to also do this...