News

Illinois to get $300 Million in BOA Settlement

Illinois to get $300 Million in BOA Settlement

Photo: Newsradio WTAX

Attorney General Lisa Madigan says Illinois consumers who believe they were impacted by “shoddy” mortgages through Bank of America can call her office or the bank for help.

Madigan says that Illinois’ share of the settlement is about $300 million. One-third of that money will be used for consumer relief, including for those with mortgages and blight reduction. An independent monitor will oversee the relief distribution.

The deal stems from the bank’s role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

Recent Headlines

in Local

Ben U Student Airs Concerns Following Private Forum

school test

The questions surrounding Benedictine University's decision to cancel undergraduate programs at its Springfield campus continue.

in Local

Springfield Clinic’s “GIVE75″ Campaign Continues

sojourn

Springfield Clinic is celebrating its 75th birthday but the company is giving the presents instead of receiving

in Local

Bar Assoc. Offers Help Voting for Judges

gavel2

How do you know how to vote for judges? The Illinois State Bar Association has some help.

in Election 2014, Local

Rauners Say Bruce and Quinn Agree on Social Issues

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Speaking to a coalition of women supporting her husband’s campaign, Diana Rauner said Gov. Pat Quinn has tried to take the focus off jobs and the economy.