Morning Scan: B of A, JPM to Set Right Credit Reports; How Kabbage G...

05/08/15

Receiving Wide Coverage ...

Not B of A's Day: Bank of America pops up in Friday's news for several reasons, none of them flattering. Over at the New York Times, columnist Gretchen Morgenson questions the distribution of Bank of America's $16.7 billion mortgage settlement. The bank is required to forgive or reduce borrowers' mortgage debt as part of the settlement and the amount of relief it provides is then deducted from the bank's total tab. There's...

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