The Buzz

April 17, 2013 10:37 PM

Bank, U.S. Rep. Cleaver settle lawsuit over car wash

Bank of America on Wednesday settled its yearlong legal dispute with U.S. Rep. Emanuel Cleaver over a loan he obtained more than a decade ago to buy a car wash. But the settlement still leaves Cleaver, wife Dianne and Cleaver Co. LLC on the hook for more than $1.2 million in future payments to the bank.

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