Thursday 23 July 2020

Bank of America will pay $300K to settle DOJ mortgage lending discrimination claim

Bank of America and the U.S. Department of Justice reached a settlement over allegations the bank denied mortgages and home equity lines to adults with disabilities who were under legal guardianship. The bank’s alleged actions relating to mortgages ran from 2010 to 2016, and violated the Fair Housing Act, according to the Justice Department. The government also said the bank’s practice regarding its home equity line of business lasted until 2017. Under the terms of



source https://therealdeal.com/2020/07/23/bank-of-america-will-pay-300k-to-settle-doj-mortgage-lending-discrimination-claim/

No comments:

Post a Comment