Charlotte-based Bank of America is ‘off to a good start’ as it seeks to provide $7 billion in consumer relief to comply with a $16.65 billion settlement it reached with the U.S. government last year, the watchdog over the consumer relief portion of the accord says in a report out Friday. But it’s too early to draw firm conclusions about how the bank might dole out future aid, the watchdog said.
Charlotte-based Bank of America is ‘off to a good start’ as it seeks to provide $7 billion in consumer relief to comply with a $16.65 billion settlement it reached with the U.S. government last year, the watchdog over the consumer relief portion of the accord says in a report out Friday. But it’s too early to draw firm conclusions about how the bank might dole out future aid, the watchdog said. Patrick T. Fallon Bloomberg
Charlotte-based Bank of America is ‘off to a good start’ as it seeks to provide $7 billion in consumer relief to comply with a $16.65 billion settlement it reached with the U.S. government last year, the watchdog over the consumer relief portion of the accord says in a report out Friday. But it’s too early to draw firm conclusions about how the bank might dole out future aid, the watchdog said. Patrick T. Fallon Bloomberg

BofA has provided nearly 20% of the consumer relief required by 2018

July 30, 2015 08:01 PM

More Videos