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Thread: Bank of America to pay $335m for discrimination

  1. #1
    Silver Member GawsipRawksz's Avatar
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    Default Bank of America to pay $335m for discrimination

    AFP - US Attorney General Eric Holder on Wednesday announced a fine of $335 million against Bank of American unit Countrywide over allegations it charged African-Americans and Hispanics more for loans.

    The Justice Department said around 200,000 qualified African-American and Hispanic borrowers were charged with higher rates "solely because of their race or national origin."

    "Today's settlement makes clear that today's Justice Department... will not hesitate to aggressively hold lenders, including the nation's largest, accountable for discrimination and financial misconduct," said Holder.

    The discrimination was said to have taken place from 2004 through 2008, before Bank of America bought Countrywide.

    The settlement provides $335 million in compensation for victims.

    Source: Bank of America to pay $335m for discrimination - FRANCE 24

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    Elite Member Mel1973's Avatar
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    Bank Of America should be DONE now. Idiots. *waits for Chase or Wells Fargo to buy their asses*
    Kill him.
    Kill her.
    Kill It.
    Kill everything... that IS the solution!
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    twitchy molests my signature!

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    Elite Member Just Kill Me's Avatar
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    Argh, so I'm drafting a nasty little smack down of Fannie on a foreclosure Trustee's sale. It's BOA's Trustee, Recontrust, which was sued by the WA AG for being a sloppy fuck up. In this case the Trustee did not give notice of the foreclosure sale to the borrower and at the same time was in negotiations with BOA on a short sale. Recontrust and BOA are one in the same, and it's a fucking mess.
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    Come on, let's have lots of drinks.

    Fuck you all, I'm going viral.

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