Event:
Bank of America must pay $1.3 billion in a civil lawsuit over fraud committed by lending unit Countrywide Financial, which operated a scheme nicknamed 'Hustle' that resulted in large numbers of unsubstantiated mortgages during 2007-2008
More Notable Events on July 30:
1975 Teamsters President Jimmy Hoffa disappears in suburban Detroit
1956 U.S. motto, In God We Trust, authorized
1954 Elvis Presley joins Memphis Federation of Musicians, Local 71
1909 Wright Brothers deliver 1st military plane to the army
1898 Will Kieth Kellogg invents Corn Flakes
