BofA To Appeal Rakoff's $1.3B Mortgage Fraud Fine

By Evan Weinberger · August 21, 2014, 2:16 PM EDT

Bank of America Corp. on Thursday said it plans to appeal the $1.3 billion fine that U.S. District Judge Jed S. Rakoff slapped on the bank last month for defrauding Fannie...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Case Information

Case Title

United States of America ex rel. Edward O'Donnell

Case Number

Court

New York Southern

Nature of Suit

Banks and Banking

Date Filed

February 24, 2012

Recent Articles By Evan

January 31, 2018
CFPB Constitutional Fight Faces Tough Supreme Court Path
January 31, 2018
CFPB Structure Is Constitutional, DC Circ. Says In Reversal
January 12, 2018
Fed Fines 5 Banks $35M To Wrap Mortgage Servicing Claims
January 04, 2018
Sessions' Reversal Likely To Kill Any Pot Buzz For Banks
January 03, 2018
PHH To Pay $45M In Nearly Nationwide Servicing Settlement
January 02, 2018
Shoddy PwC Audits Led To Bank Failure, Judge Rules
December 21, 2017
CFPB Plans To Reopen Mortgage Disclosure Rulemaking
December 21, 2017
Treasury, FHFA Allow Fannie And Freddie To Retain Capital
December 06, 2017
Hensarling Opens The Door For Housing Compromise
December 05, 2017
Dodd-Frank Rollback Bill Moves Out Of Committee Unchanged