Bank of America Exits Chicago Plan to Sell Overdue Parking Debt

Bank of America is no longer working with Chicago on the sale of debt owed to the city from fines and fees, and officials have been unable to advance the...

By Shruti Date Singh · Bloomberg Markets

Bank of America is no longer working with Chicago on the sale of debt owed to the city from fines and fees, and officials have been unable to advance the deal so far this year, according to the mayor’s office.