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

PLAYLIST: 19 of the best Summer songs

Patriotic Music

Memorial Day marks the unofficial start of summer. Start your season off right with this playlist spanning the '60s to now.

in Entertainment

Netflix: What’s coming and going in June

netflix

Take this long weekend to binge on shows and movies that are leaving Netflix and get a sneak peak at what's coming next month.

in Entertainment

REVIEW: Disney goes meta at the multiplex with ‘Tomorrowland’

21-overlay7

Long before the credits roll, Tomorrowland will have you craving a theme park turkey leg and planning a meet up at Mr. Toad's Wild Ride.