| The KUIK Closing Market Report for Friday, May 29: | |||||||
| Markets were down. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Down | (115) | points | 18,011 | 2:14 PM | ||
| S&P500 | Down | -0.6% | percent | 2,107 | (13.40) | ||
| Nasdaq Composite | Down | -0.6% | percent | 5,070 | (27.95) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.85 | Annual Yield | ||
| The Office of the Comptroller of the Currency fined Bank of America $30 million and ordered it to identify any relief due to 73,000 members of the military for violations of the Servicemembers Civil Relief Act. The bank is required to improve its policies for verifying service status before obtaining default judgments on any non-home loans.The bank’s preparation of documents for debt collection litigation against servicemembers is also targeted for improvement. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/bank-of-america-fined-by-occ-over-military-lending-practices-2015-05-29 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||