This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

New York to receive $800 million from Bank of America settlement

( August 21, 2014, 16:00 GMT | Official Statement) -- MLex Summary: Bank of America agreed to pay $800 million to New York as part of a record $16.65 billion settlement with the US Department of Justice for charges of mortgage fraud during the financial crisis. The  settlement allocates $300 million in cash and $500 million worth of consumer relief to the state. Bank of America acknowledged it made "serious misrepresentations" to the public in the sale of residential mortgage-based securities by the company and its subsidiaries, including Countrywide Financial and Merrill Lynch.Statement follows in full....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login