With Today’s Settlement, Attorney General Madigan Has Recovered a Total of $2.8 Billion for Illinois Homeowners, Communities & Pension Systems
Chicago—(ENEWSPF)—August 21, 2014. Attorney General Lisa Madigan today announced a record $300 million settlement with Bank of America as a result of the bank’s misconduct in its marketing and sale of risky residential mortgage-backed securities (RMBS) leading up to the 2008 economic collapse. The settlement includes $200 million in relief to fully recover for losses…
