In one of the largest-ever fines in an FTC case, Countrywide (BAC) will pay a $108M settlement...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

In one of the largest-ever fines in an FTC case, Countrywide (BAC) will pay a $108M settlement of charges it ripped off borrowers with inflated charges. Funds will reimburse homeowners overcharged on the company's loans before its July 2008 acquisition by BofA.