May 14, 2017, 5am PDT
The Fair Housing Act, considered under threat by the Trump Administration and the Republican majority in Congress, still has power, but cities have long road ahead to prove bans liable for harms caused by predatory and discriminatory lending.
March 27, 2014, 1pm PDT
The Federal Housing Finance Agency (FHFA) announced a $9.3 billion settlement with Bank of America following a 2011 suit tied to the bank’s role in selling faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
January 23, 2014, 1pm PST
21 months after Chicago's Infrastructure Trust was launched by Mayor Rahm Emanuel, the program finally has its first approved project. After delays and substantial downsizing, Bank of America will invest $13 million in energy efficiency improvements.
June 13, 2012, 8am PDT
Bank of America is one of a handful of major banks to pump money into green initiatives, where they see an opportunity for new capital and a chance to improve their images.