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Kiplinger
Kiplinger
Business
Joey Solitro

Bank of America Fined $12M for Reporting False Mortgage Data

Bank of America building.

Bank of America agreed to pay $12 million to settle charges that its loan officers routinely filed false mortgage lending information to the federal government, according to the Consumer Financial Protection Bureau (CFPB).

The penalty is set to be paid into the CFPB’s victims relief fund.

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