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The SEC settlement is part of a record-setting $16.65 billion settlement announced by the U.S. Department of Justice against BofA.
The Federal Deposit Insurance Corp. (FDIC) and the SEC have announced more than $1 billion in settlements against Bank of America Corp. (BofA) and its entities in efforts to resolve claims against BofA related to residential mortgage-backed securities (RMBS) and securities fraud charges, FDIC and SEC officials say. The SEC settlement of $245 million is...
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