Weather Alert

Snow and Gusty Wind on Tuesday - Poor Travel Conditions Expected

A major Nor'easter now developing off the mid Atlantic coast will put eastern New York and western New England on its western side through Tuesday.  Snow will become steadier from SE to NW across the region after midnight and towards daybreak Tuesday with snowfall of varying intensity through Tuesday evening.  A gusty NNW wind from 20-30 mph at times will cause blowing and drifting of the very dry snow creating poor visibility and hazardous travel conditions into Tuesday night. General Storm accumulations in the Capital Region of 4"-10" are expected with higher amounts across western New England.

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Channel 6 News - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

New York gets $800M in Bank of America settlement

NEW YORK (AP and CBS6) -- New York state is getting $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.

New York Attorney General Eric Schneiderman announced the settlement Thursday. He says the bank has agreed to pay the state $300 million in cash and $500 million in the form of direct relief to consumers. To access relief provided by the settlement, individuals can call the Attorney General's hotline at 1-855-466-3456. They will be connected to one of the HOPP legal services or housing counseling groups within 24 hours.

The deal calls for the bank, the second-largest in the U.S., to pay a $5 billion cash penalty and provide billions of dollars to struggling homeowners. Bank of America says its cash payouts will total $9.65 billion.

The settlement is the largest deal the government has reached with a bank over the 2008 mortgage meltdown.
 
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