on June 25, 2013 in World News
Bank of America Gave Employees Gift Cards for Hitting Foreclosure Quotas
Six former Bank of America employees have filed a class action lawsuit alleging the bank instructed them to mislead home loan customers and gave workers Target and Bed Bath & Beyond gift cards and $500 monthly bonus checks for placing 10 or more accounts in foreclosure. Investing website Motley Fool published excerpts from affidavits making the startling allegations: Employees were rewarded by meeting a quota of placing a specific number of accounts into foreclosure, including accounts in which the borrower fulfilled a HAMP [Home Affordable Modification Program]… View Article
click here for more