Bank of America Settles Antigay Discrimination Claim With HUD

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Bank of America agreed to pay $161,180 to settle accusations. Council of Orange County, a HUD-funded group that received the woman’s complaint. Bank of America also will set up a $100,000 fund to.

Other banks that have halted such loans include Bank of America. and that HUD would not otherwise have insured,” according.

Bank of America spokesman Terry Francisco said the National fair housing alliance had not provided the bank with details of its complaint. He said if HUD pursued. $335 million in a settlement with.

Bank of America agreed to a $335 million settlement. from the CFPB and HUD also announced they had signed a memorandum of understanding to share information and to work together in investigating.

NFHA v. BOA. This fair lending complaint, filed with HUD, alleges that Bank of America of discrimination based on national origin by treating the Hispanic testers less favorably than the non-Hispanic testers. This complaint was charged by HUD. Read about the settlement here.

The NFHA is seeking tens of millions of dollars from Bank of America and U.S. Bank as a result of their alleged misdeeds. In April, it finalized a $42 million settlement with Wells Fargo over similar.

A fair-housing group is trying to crank up the pressure on Bank of America to settle claims that the bank discriminated. The group has filed a similar discrimination complaint against U.S. Bancorp.

February 1, 2013 Comments Off on Bank of America settles LGBT discrimination claim Bank of America will pay $7,500 to settle the first action to enforce the U.S. Department of Housing and Urban Development’s new rule prohibiting home lenders from discriminating based on sexual orientation or gender identity.

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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.

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Civil rights groups are coming together to bring a lawsuit against Bank of America and Safeguard Properties Management for alleged fair.