BANKTHINK
= Subscriber content; or subscribe now to access all American Banker content.

B of A Cuts a Side Deal; Robo-Settlement May Actually Exist

Receiving Wide Coverage ...

B of A’s Side Deal: Bank of America has pledged to make bigger cuts to borrowers’ mortgage balances than the other servicers in the $25 billion robo-settlement, the papers report. In return, federal and state officials agreed to reduce B of A’s fines under the pact. The Journal notes there is likely to be some controversy about this side deal because, like the broader settlement, it allows B of A to reduce…

Morning Scan Plus is available to Premium Subscribers only.
To continue, please or subscribe
FREE WEEK
STARTING AUGUST 31ST
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
PREMIUM
SUBSCRIPTION
All subscription content plus:
  • Bimonthly industry research reports (including archive)
  • Morning Scan Plus e‑newsletter
Have an account?
SIGN IN HERE
Remember me