Bank of America shareholders got good news at the end of last week. On Friday, the attorneys general offices in Delaware and New York said they will no longer challenge Bank of America's $8.5 billion settlement with the Bank of New York Mellon and a group of institutional investors. In the video below, Motley Fool contributor John Maxfield discusses what this means for the nation's second-largest bank by assets.

John Maxfield and The Motley Fool own shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.