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. [...]
Posts Tagged ‘BANK OF AMERICA CLASS ACTION’
BANK OF AMERICA SETTLES CLASS ACTION FOR $335 MILLION
Posted: December 28, 2011 by administrator in CONSUMER FRAUDTags: ATLANTA GEORGIA, BANK OF AMERICA CLASS ACTION, BIRMINGHAM ALABAMA, BOA Discrimination Settlement, Class Action Lawyer, Consumer Fraud Attorney, COUNTRYWIDE CLASS ACTION SETTLEMENT, DALLAS TEXAS, JACKSONVILLE FLORIDA, NASHVILLE TENNESSEE, ORLANDO FLORIDA
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HOMEOWNERS FILE CLASS ACTION AGAINST BANK OF AMERICA
Posted: March 24, 2010 by administrator in CONSUMER FRAUDTags: BANK OF AMERICA CLASS ACTION, consumer class action, CONSUMER FRAUD
Washington homeowners filed a class-action lawsuit last week against Bank of America, claiming the bank has failed to use the $25 billion in government money it received last year to help struggling homeowners facing foreclosure. The bank participated in the Troubled Asset Relief Program and agreed to reduce loan payments to affordable levels as part [...]