The OCC has announced consent orders to
cease and desist and for a $30 million civil money penalty
(CMP) against Bank of America, National Association, and ordered remediation to approximately 73,000 affected customer accounts. The actions regarded violations of law and unsafe or unsound practices in connection with the bank's non-home loan compliance with the Servicemembers Civil Relief Act (SCRA), and unsafe or unsound practices in connection with non-home debt collection litigation practices.