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Bank Of America Settles Suit Against Countrywide

by Julie Rose, WFAE-FM
December 22, 2011

Add another costly settlement to Bank of America's multi-billion dollar tally of woes tied to the 2008 acquisition of mortgage giant Countrywide. The Justice Department announced on Wednesday that the North Carolina-based bank will pay $335 million to settle allegations of discriminatory lending.

Broadcast Dates

  • Morning Edition, December 22, 2011
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