Bank of America fined by Federal Election Commission

NEW YORK – Bank of America Corp. has settled a case with the Federal Election Commission in which it acknowledged reimbursing several employees for political contributions made over a five-year period.

Employees in Bank of America’s student banking and wholesale lending divisions were reimbursed for contributions totaling $10,030 between 1999 and 2004, the FEC said in a statement Thursday.

The FEC found the reimbursements violated the Federal Election Campaign Act of 1971. Bank of America and a senior executive in the student banking division agreed to pay fines totaling $16,800 to settle the matter.

SOURCE: Washington Examiner

Greg Gerber

Greg Gerber

A journalist who has covered the recreation vehicle industry since January 2000, Greg Gerber founded RV Daily Report on April Fool's Day in 2009. He also serves as the editor of the publication and website. As an Eagle Scout, he has enjoyed camping for decades and has visited every state except Hawaii. A DODO -- Dad of Daughters Only -- to three young women, he has two grandchildren as well. He currently splits his time between Wisconsin, Texas and Arizona. Greg can be reached at editor@rvdailyreport.com.

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