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bank fraud and abuses continues well beyond robo signing Banks to Pay $8.5 Billion in Fraud Settlement 11:35 AM ET Mon, 7 Jan 2013. The cost of faking a foreclosure document continues to rise. Ten banks will now pay $8.5 billion to borrowers for so-called "robo-signing," a. from 2009 and 2010 to look for foreclosure abuses, but the reviews were taking too long.

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.

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