The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028.

In a filing made public Monday, the CFPB said the bank “fulfilled the obligations” of the agreement signed in November 2023, which included a $12 million civil penalty. The agreement was terminated on June 4, according to the regulator.

The CFPB, under the leadership of former Director Rohit Chopra, claimed that Bank of America loan officers failed to collect race, ethnicity and sex data details ⇒

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