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Bank of America fined $12 million for mortgage disclosure violations by federal watchdog

Bank of America fined $12 million for mortgage disclosure violations by federal watchdog

A man walks past an ATM outside Bank of America Corp. headquarters in Charlotte, North Carolina, May 2, 2016.

Chris Keane | Bloomberg | Getty Images

WASHINGTON — The Consumer Financial Protection Bureau on Tuesday fined Bank of America $12 million for reporting false mortgage lending data to the federal government.

“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” CFPB director


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