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Bank Of America ‘Significantly Hindered’ Federal Investigation, U.S. Official Says

Bank Of America ‘Significantly Hindered’ Federal Investigation, U.S. Official Says


HuffPO-

Bank of America, the largest U.S. bank by assets, “significantly hindered” a federal investigation into the firm’s faulty foreclosure practices on potentially billions of dollars worth of taxpayer-backed loans, a federal auditor told an Arizona court.

The bank withheld key documents and data, prevented investigators from interviewing bank employees or asking certain questions, and was slow to provide information, according to a June 1 declaration by William W. Nixon, a fraud examiner and assistant regional inspector general for audit for the U.S. Department of Housing and Urban Development inspector general’s office.

continue reading [HUFFINGTONPOST]

This is 1 of 2 documents from HuffPO’s story.

[ipaper docId=57804321 access_key=key-288oqfniehj7zxbtze1v height=600 width=600 /]

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