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’s largest financial institutions — 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 <a href="https://www.consumerfinance.gov/enforcement/actions/bank-of-america-na-hmda-data-2023/" rel="noopener ugc nofollow" target="_blank">violations </a>of the Home Mortgage Disclosure Act (HMDA) and its accompanying Regulation C.</p>
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