Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to General Questions/Other

BofA Gave $500 Bonuses To Foreclose On Clients, Suit Claims

Saturday, June 15, 2013 - 7:29 AMBank of America - Details
(Bloomberg) -- Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the Charlotte, North Carolina-based bank had already received, according to statements from ex-employees filed last week in federal court in Boston.

BofA Gave $500 Bonuses to Foreclose on Clients, Suit Claims - SFGate
9
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,602
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
2. Saturday, June 15, 2013 - 11:58 AM
Pearl:  Ignore my earlier message.  I actually figured out how to do the "link".  Thanks anyway.
1
paoli2paoli21,140 posts since
Aug 10, 2011
Rep Points: 5,083
Reply