Arizona Sues Bank of America

The state of Arizona has sued Bank of America (BAC), alleging that the bank has consistently misled consumers about its home loan modification process, a source familiar with the situation told Reuters. Arizona is seeking $25,000 per violation of the consent decree, and up to $10,000 for consumer fraud breaches, the lawsuit says. It also asks that Bank of America pay restitution to customers.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.