BANK OF AMERICA SETTLES CLASS ACTION FOR $335 MILLION

Bank of America (BOA) has agreed to pay $335 million to settle a lawsuit alleging BOA charged different rates for home loans based on “race or national origin.”  The lawsuit claims Countrywide Financial Corp., owned by Bank of America, charged higher fees to “black and Hispanic borrowers.”  The settlement will affect more than 200,000 borrowers.

Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.