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Bank settles $10M slow notice suit  (access required)
Lawyers get quarter of the fees they sought

By Peter Vieth
Published: February 8, 2010

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A federal magistrate judge in Roanoke has approved the settlement of a consolidated consumer class action lawsuit against Bank of America for nearly $10 million. Consumer advocates had sued to force quicker credit disclosures by the bank to loan applicants. The judge recommends, however, that the lawyers should make do with only a quarter ...
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