Bank of America Settles Antigay Discrimination Claim With HUD

Charlotte, N.C.-based Bank of America's settlement follows a 1993 U.S.. million to resolve claims of pay discrimination against 2,021 current.

 · Accused of discriminating against Hispanic mortgage borrowers. It’s important to note that HUD’s charge is merely a charge, not proof that Bank of America, nor the two employees in question, discriminated against anyone. The case will be heard in federal district court. Then, if it is determined that illegal discrimination occurred,

In the largest settlement. General (HUD-OIG), and state attorneys general and state banking regulators across the country. The joint federal-state group entered into the agreement with the nation’s.

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The decision still leaves unsettled the question of whether gay employees can sue for discrimination if they are fired for what they perceive as anti-gay bias. to resolve the complaint and failed.

Bank of America subsidiary accused of pushing riskier loans at a. Bank of America settles discrimination suit for $335M. The settlement, announced Wednesday by the U.S. Department of Justice, stemmed from that lawsuit.

The Department of Housing and Urban Development has rejected allegations of racial discrimination. against Bank of America is still pending; HUD has not ruled on it. In 2013, Wells Fargo agreed to.

Correction: Bank of America purchased Countrywide in 2008. This month the National Fair Housing Alliance filed a federal discrimination complaint, alleging it markets and maintains homes in white.

Adding to woes, states are negotiating a deal in their own shakedown of Bank of America. settling claims. BofA stock has plunged, requiring a $5 billion infusion from investor Warren Buffett. Banks.

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Home Bank of America settles lending discrimination claims brought. In January, HUD accused Bank of America of discrimination based on.

The Obama administration has used this approach to build discriminatory lending cases in the past, and HUD’s new rules. to wrongdoing in the settlement and said it was settling simply to avoid.

HUD (2005. (The housing discrimination claim at the center of the case, however, was later dismissed by the district court in Northern Texas as the Supreme Court had not ruled on its merits.) Bank.

It helped negotiate the extraction of $42 million from Wells Fargo, and is pursuing tens of millions in claims against Bank of America and other lenders. from bank neglect. Now the HUD-brokered.