West Alabama Man Pleads Guilty to Disaster Fraud Related to Tuscaloosa Tornado

WASHINGTON – The Justice Department announced today that, as part of its settlement with BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation, servicemembers whose homes were unlawfully foreclosed upon will each receive a minimum $116,785 plus compensation for any equity lost to compensate them for the bank’s alleged violation of the Servicemember Civil Relief Act (SCRA). Bank of America agreed to pay $20 million to approximately 160 servicemembers who were illegall .... [More]