{"id":2849,"date":"2014-02-25T17:15:32","date_gmt":"2014-02-26T01:15:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=2849"},"modified":"2014-02-25T17:15:32","modified_gmt":"2014-02-26T01:15:32","slug":"bank-of-america-faces-new-regulatory-probes-into-housing-and-foreign-exchange-practices","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/02\/25\/bank-of-america-faces-new-regulatory-probes-into-housing-and-foreign-exchange-practices\/","title":{"rendered":"Bank of America faces new regulatory probes into housing and foreign exchange practices"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/02\/shutterstock_93505339.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2850\" alt=\"shutterstock_93505339\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/02\/shutterstock_93505339-300x201.jpg\" width=\"300\" height=\"201\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/02\/shutterstock_93505339-300x201.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/02\/shutterstock_93505339.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>NEW YORK &#8211; Bank of America is facing new probes into its mortgage practices as well as its foreign exchange business.<\/p>\n<p>The bank, which has already paid out billions of dollars to settle legal claims resulting from the housing and financial crisis, said in a regulatory filing late Tuesday that it was co-operating with government authorities in North America, Europe and Asia. The authorities are investigating a &#8220;significant&#8221; number of participants in the foreign exchange markets for their conduct over a number of years.<\/p>\n<p>Bank of America also said that the U.S. Attorney&#8217;s office for the Eastern District of New York is conducting an investigation concerning its compliance with the requirements of the Federal Housing Administration&#8217;s Direct Endorsement Program and the quality of mortgages it passed along to the government-backed mortgage agencies Fannie Mae and Freddie Mac.<\/p>\n<p>The bank also increased its estimate of possible losses from legal actions against it by $1 billion to $6.1 billion from $5.1 billion for the end of the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; NEW YORK &#8211; Bank of America is facing new probes into its mortgage practices as well as its foreign &hellip;<\/p>\n","protected":false},"author":44,"featured_media":2850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[536,534,537,535,352,538],"class_list":["post-2849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-america","tag-bank","tag-new","tag-of","tag-us","tag-york","mauthors-steve-rothwell","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/2849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=2849"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/2849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/2850"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=2849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=2849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=2849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}