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Cleaver settles carwash loan dispute for $1.26M

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Emanuel Cleaver U.S. Rep. Emanuel Cleaver has consented to a $1.26 million judgment on the loan he took out to buy a Grandview carwash 10 years ago. The Kansas City Democrat reached a settlement with Bank of America on Wednesday the day the banks lawsuit against him was scheduled for a bench trial. The judgment includes $746,083 in principal, $309,822 in interest and late fees of $92,714. It ...

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