Big, Bad Bank of America

One of the nation’s largest banks broke the law . . . again

Andy Spears
2 min readDec 11, 2023
Photo by PiggyBank on Unsplash

They just can’t help it.

America’s biggest banks keep striving to get bigger — seemingly at any cost.

Bank of America has a bad habit of being bad.

Back in July, I reported on the $250 million fine the bank paid for defrauding customers:

Now, the bank faces a $12 million fine for false reporting of mortgage information.

“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra. “It is illegal to report false information to federal regulators, and we will be taking additional steps to ensure that Bank of America stops breaking the law.”



Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .