Photo by Image Credit: Bank of America
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.
However, this financial giant is now in hot water due to serious violations of the Home Mortgage Disclosure Act (HMDA) and its accompanying Regulation C.