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Bank of America

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Appeals Court overturns Bank of America’s $1.27 billion fine in ‘Hustle’ case 

May 23, 2016By

The United States Court of Appeals for the Second Circuit handed Bank of America a massive victory, and dealt the Department of Justice a major blow, on Monday when it overturned a $1.27 billion penalty against the megabank in a fraud case over defective mortgages sold by Countrywide. The case stems from the government suing Bank of America over Countrywide’s “Hustle” loan origination process.