News

Illinois to get $300 Million in BOA Settlement

Illinois to get $300 Million in BOA Settlement

Photo: Newsradio WTAX

Attorney General Lisa Madigan says Illinois consumers who believe they were impacted by “shoddy” mortgages through Bank of America can call her office or the bank for help.

Madigan says that Illinois’ share of the settlement is about $300 million. One-third of that money will be used for consumer relief, including for those with mortgages and blight reduction. An independent monitor will oversee the relief distribution.

The deal stems from the bank’s role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

Recent Headlines

in Entertainment

TLC cancels ‘Honey Boo Boo’

honeybooboo

The hit reality TV show is off the air after allegations family matriarch Mama June is dating a convicted sex offender.

in Entertainment

Christian Bale to play Steve Jobs in new biopic

bale

The "Dark Knight" star will portray the late Apple Computer co-founder.

in Entertainment, Viral Videos

Zack Galifianakis interviews Brad Pitt on ‘Between Two Ferns’

twoferns

The comic gets in some good digs at the "Fury" star in this hilariously awkward interview that's crashed by Louis C.K.