Financial institution of America ordered to pay $540 million in FDIC insurance coverage dispute
A federal choose has ordered Financial institution of America to pay $540.3 million to the Federal Deposit Insurance coverage Company (FDIC) in a long-standing authorized battle over underpaid deposit insurance coverage assessments. The ruling, made public on Monday, stems from assessments owed between the second quarter of 2013 and the top of 2014, and consists…