Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states, the agreement's independent monitor reported.

The settlement's monitor, Eric Green, conditionally approved roughly $450 million of consumer-relief credit in his seventh report on Bank of America's adherence to the agreement, reflecting requests made by the bank in July and August. Altogether, the amount of consumer relief credited to Bank of America has conditionally reached $6.8 billion, according to a news release Wednesday.

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