Bank of America to pay $6.2m to settle mortgagers' proposed class actions

Bank of America is to pay $6.2m to settle proposed class actions which had accused the bank of failing to timely present mortgage satisfaction notices; the settlement has been preliminarily approved. 

By Kurt Orzeck (February 1, 2016, 8:10 PM EST) -- Bank of America NA has agreed to pay $6.2 million to settle mortgagers' proposed class actions accusing the bank of systematically failing to timely present mortgage satisfaction notices, according to a Friday filing in New York federal court....

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