Even more of Bank of America

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, service members 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 Service member Civil Relief Act (SCRA).

Bank of America agreed to pay $20 million to approximately 160 service members who were illegally foreclosed on between 2006 and the middle of 2009. Under the agreement, Bank of America agreed to provide information about its foreclosures from mid 2009-2010 and will pay damages in the same minimum amount to those service members whose homes were illegally foreclosed upon to compensate for the loss of their homes. The review is on-going.

This is good, but when is someone from the wretched place going to jail??