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

Chicago Lawyer Named to Monitor IDOT Hiring

Noelle Brennan

Noelle Brennan appointed to monitor hiring practices at IDOT.

in Local

Illinois Quarantine for Those Who Touched Ebola Patients

Quarantine

IDPH calls for 21 day quarantine for those exposed to Ebola virus.

in Local

Illinois GOP Unhappy About Counting of Absentee Ballots

voter

State GOP alleges law is not being followed in counting of absentee ballots.

in Local

Jacksonville Police Have “Person of Interest” in Shooting, No One in Custody

gun

Jacksonville Police say they have someone they want to interview in a shooting death from Friday morning.

in Local

Next Generation of Business Leaders Learn From an Internet Pro

computer

Dozens of area high school students spent their morning with a top executive in the social media world