Bank of America Slapped with $12 Million Fine for HMDA Violations | Jot Beat | NewsBreak Original

<p>Photo by Image Credit: Bank of America</p> <p>In a recent development on November 28, 2023, the Consumer Financial Protection Bureau has taken a stern stance against one of the nation&rsquo;s largest financial institutions &mdash; Bank of America, N.A. Headquartered in the vibrant city of Charlotte, North Carolina, this national bank boasts a sprawling network of branches and ATMs spanning 38 states and the District of Columbia.</p> <p>However, this financial giant is now in hot water due to serious&nbsp;<a href="https://www.consumerfinance.gov/enforcement/actions/bank-of-america-na-hmda-data-2023/" rel="noopener ugc nofollow" target="_blank">violations&nbsp;</a>of the Home Mortgage Disclosure Act (HMDA) and its accompanying Regulation C.</p> <p><a href="https://jotbeat.medium.com/bank-of-america-slapped-with-12-million-fine-for-hmda-violations-jot-beat-newsbreak-original-bc8016427ac5"><strong>Learn More</strong></a></p>
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