Bank Of America Found Liable In Mortgage Fraud Trial
Bank of America was found liable for fraud in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed.
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Bank of America was found liable for fraud in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed.
You can now use your smartphone to settle up the check at dinner or pay the baby sitter or the person who mows your lawn.
Similar action was being sought against Bank of America but has been suspended after the bank and the AG reached an agreement.
Three fires were set between approximately 10:30 a.m. and 11:30 a.m. Thursday at the vestibule at Sixth Avenue and Waverly Place in Greenwich Village, according to officials.
A soldier's dream to visit New York has finally come true. After being wounded in combat and having to learn to walk and talk again, the Purple Heart recipient will soon move into his own home in the Bronx.
Police on Saturday connected a man spotted wearing a Jets jersey to a pattern of bank robberies going back to last month.
This probably isn't the type of attention the Jets are looking for.
The New York State Attorney General's office has announced plans to sue Bank of America and Wells Fargo for violating the terms of a $26 million mortgage settlement.
Just like in "The Wizard of Oz", Rocky Point residents say they fear being crushed by a falling house, a condemned vacant house teetering on the edge of a cliff worn away by erosion.
Lenders initially offered a three-month grace period following the storm but that period is ending and banks are looking for their money.
Police Sunday were searching for a man who attacked a woman and grabbed her pocketbook in the vestibule of a bank in the Bronx.
Police are looking for a suspect they say is responsible for a pair of grand larcenies in Manhattan.
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
Approximately 40 arrests were made Tuesday on various charges, including disorderly conduct, blocking traffic and resisting arrests, the NYPD said.
The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team's finances says.
Two protesters were arrested on Wednesday. One of them, a woman in clown makeup, was skipping as police led her away in handcuffs.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz could soon feel the pinch -- from Major League Baseball.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz recently got a $40 million loan to help with cash flow, a year after getting a $25 million loan from MLB.
The news comes after other major banks, including Chase and Wells Fargo, said last week that they were canceling tests of similar fees.
The Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
A New Jersey judge has ruled that four major banks can resume uncontested foreclosure actions in the state under court monitoring.
Police are trying to identify two suspects who they say are wanted for a cash scam that happened in the Bronx in July.
The brutality of it all will resonate with almost anyone who's gone into a bank to use an ATM. It's a place where, like it or not, we can be vulnerable.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession.
President Trump is awarding the Medal of Honor to a pilot whose faceoff with Soviet fighter jets remained secret for a half-century and a soldier who died in Afghanistan while shielding somebody from a suicide bomber.
Jewish parents at a Brooklyn school are raising concerns about alleged bias after the school's principal decided not to invite a Holocaust survivor to speak to students.
A mom in Plainfield, New Jersey, is pleading for the return of her 19-year-old son, Connor Oldfield, who has autism.
The Knicks outlasted the Nuggets 134-127 in two overtimes Wednesday night for their eighth straight victory.
A man is facing attempted murder charges for allegedly beating his 2-year-old son, who his fighting for his life in a NYC hospital.
Jewish parents at a Brooklyn school are raising concerns about alleged bias after the school's principal decided not to invite a Holocaust survivor to speak to students.
A man is facing attempted murder charges for allegedly beating his 2-year-old son, who his fighting for his life in a NYC hospital.
A federal judge has temporarily blocked the end of TPS for Haitian immigrants. Some in NYC say it's a small win, but the fear continues.
Mayor Zohran Mamdani had some good news Wednesday for the residents of a NYCHA facility in Queens who have been battling the bitter cold without heat or hot water.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
Bundle up — New York City and the Tri-State Area's stretch of dangerously cold weather continues, and it's sticking around longer than anyone would like.
New York, New Jersey and Connecticut were pivotal during America's birth. This year, as the nation celebrates its 250th birthday, CBS News New York is highlighting the hidden history in our own back yard.
Forecasters are watching for a chance of snow this weekend in New York and New Jersey as harsh winter weather conditions continue.
The First Alert Weather Team is tracking a storm that could bring snow to the New York and New Jersey area. Frigid temperatures will last throughout the week.
Although the snowstorm has passed, the cold weather will linger with temperatures below freezing each day.
A mom in Plainfield, New Jersey, is pleading for the return of her 19-year-old son, Connor Oldfield, who has autism.
The mayor of Jersey City speaking out against ICE action in his city.
The states of New York and New Jersey are suing the Trump administration in a high-stakes showdown over the future of rail travel in the Tri-State Area.
New Jersey has a few programs that can help residents set up payment plans as they deal with skyrocketing utilities bills.
Dozens of residents of a New Jersey nursing home had to be evacuated Tuesday due to a serious water issue.
More than 300 kilos of cocaine were seized in Nassau County in one of the largest drug busts ever on Long Island, officials said Tuesday.
Nassau County Police Officer Patricia Espinosa was killed Saturday in a car crash on Long Island.
The offshore wind project aimed at powering 600,000 New York homes can resume construction off Long Island, a federal judge ruled.
Authorities say online threats like sextortion are exploding, with predators increasingly pushing violence.
An off-duty Nassau County police officer was killed in a car crash with an alleged drunk driver Saturday morning, police say.
President Trump is awarding the Medal of Honor to a pilot whose faceoff with Soviet fighter jets remained secret for a half-century and a soldier who died in Afghanistan while shielding somebody from a suicide bomber.
A federal judge has temporarily blocked the end of TPS for Haitian immigrants. Some in NYC say it's a small win, but the fear continues.
Mayor Zohran Mamdani had some good news Wednesday for the residents of a NYCHA facility in Queens who have been battling the bitter cold without heat or hot water.
The NYPD and the family of Jabez Chakraborty, the Queens man who was shot by police, believe the 911 call proves two different things.
New York Gov. Kathy Hochul has tapped former New York City Council Speaker Adrienne Adams as her running mate in her 2026 reelection bid.
In New Jersey, nearly half a million people lost enhanced Affordable Care Act tax credits this year, but the impact goes far beyond those who got the credits.
Starting July 1, as many as 450,000 New Yorkers will lose EP coverage and be forced into marketplace health care plans.
Striking New York City nurses returned to the bargaining table Thursday, the New York State Nurses Association said.
Mayor Zohran Mamdani and Vermont Sen. Bernie Sanders joined striking New York City nurses on the picket line Tuesday.
New York City's largest nurses strike is now in Week 2 and it appears negotiations toward a deal remain at a standstill.
Two-for-one tickets are returning for New York City's Off-Broadway Week.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Popular singer-songwriter Noah Kahan will be bringing his tour to New York City this summer. "The Great Divide" tour will stop at Citi Field on July 18.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The Knicks outlasted the Nuggets 134-127 in two overtimes Wednesday night for their eighth straight victory.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
The Rangers traded star winger Artemi Panarin to the Kings on Wednesday, just minutes before the NHL Olympic roster freeze.
Frank Reich and Aaron Glenn are teammates again with the New York Jets, looking to turn around the fortunes of a frustrated franchise.
American athletes are preparing for the 2026 Milano Cortina Winter Olympics. These are some of the top Team USA competitors to watch.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
A group of senior dancers aged 70 and up shine on stage at the Korean Community Services' center in Queens. They practice in Flushing twice a week and perform at events citywide.
A flooded manhole has turned a loading dock into an ice rink in Queens.
Jamaica Colosseum Mall is set to close for good on Jan. 31.
A volunteer effort launched during the winter storm paired younger residents with elderly homeowners, offering snow removal assistance while creating new community ties across generations.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
CBS News New York's Lonnie Quinn has your First Alert Forecast for February 4 at 11 p.m.
A mother is praying for a miracle as her toddler fights for his life in a Manhattan hospital. The child's father has been arrested for attempted murder. CBS News New York's Ali Bauman reports.
After surviving cancer, a 10-year-old in Westchester County is making it her mission to give back.
A gondola malfunctioned at Gore Mountain in the Adirondacks on Wednesday. Sixty-seven people had to be rescued using cables and harnesses.
The search continues for a missing 19-year-old with autism in Plainfield, New Jersey. CBS News New York's Adi Guajardo spoke with his mother, who shared video of the last time her son was seen nearly two weeks ago.
