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Appeals court overturns $1.27 billion penalty… - ABA Journal


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Appeals court overturns $1.27 billion penalty…
ABA Journal
A federal appeals court has overturned a $1.27 billion civil penalty against Bank of America for risky loans sold to Fannie Mae and Freddie Mac by its Countrywide unit. The New York-based 2nd U.S. Circuit Court of Appeals ruled on Monday that the ...

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