BANA To Pay $1.2M To Mortgage Loan Borrowers In RESPA Kickback Suit

Mealey's (December 7, 2021, 11:57 AM EST) -- BALTIMORE — Bank of America NA (BANA) will pay $1.2 million to settle claims brought in a consumer class lawsuit alleging that BANA violated the Real Estate Settlement Procedures Act (RESPA) by engaging in an illegal kickback scheme with a settlement services provider, according to a motion for preliminary approval of settlement filed by lead plaintiffs on Dec. 2 in Maryland federal court....