BofA fined $46M for ‘cruel’ treatment of mortgage borrowers

BofA fined $46M for ‘cruel’ treatment of mortgage borrowers

A California judge has fined Bank of America Corp. $46 million for its “heartless” and “cruel” treatment of a couple as they struggled to prevent losing their home to foreclosure. In his ruling, U.S. Bankruptcy Court Judge Christopher Klein said the Charlotte-based bank pushed the couple to “battle-fatigued demoralization” during their fight to hang onto their Sacramento-area residence. BofA says it plans to appeal the decision.

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