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Home>UPDATE: Bank of America fined by OCC over military lending practices

UPDATE: Bank of America fined by OCC over military lending practices

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Fri, 29 May 2015

The Office of the Comptroller of the Currency fined Bank of America (BAC) $30 million and ordered it to identify any relief due to 73,000 military personnel for violations of the Servicemembers Civil Relief Act. The bank is required to improve its policies and procedures for verifying the military
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