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The U.S. Department of Housing and Urban Development announced today an agreement with Bank of America to settle an LGBT discrimination claim that the mortgage lender refused financing to.
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The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced a settlement agreement in a claim it brought against Bank of America for discriminating against a lesbian couple.
The Department of Housing and urban development today announced that Bank of America has settled a discrimination claim filed by a Florida lesbian couple denied a mortgage because they’re not.
Bank Of America Settles Maternity Discrimination Claim. A recent press release found at the official site for FHA/HUD announces, "Bank fund will compensate women denied loans because they were pregnant or on maternity leave".
HUD ANNOUNCES AGREEMENT WITH BANK OF AMERICA TO settle lgbt discrimination claim boa agrees to pay $7,500, correct practices for alleged discrimination against lesbian couple To combat housing and lending discrimi-nation based on sexual orientation or gender iden-tity, the U.S. Department of Housing and Urban
HUD’s charge, which can be read here and details the alleged discrimination, accused Bank of America of discrimination based on national origin by treating the Hispanic testers less favorably.
hud announces agreement with bank of america to settle lgbt discrimination claim BOA agrees to pay $7,500, correct practices for alleged discrimination against lesbian couple WASHINGTON – The U.S. Department of Housing and Urban Development today announced an agreement with Bank of America (BOA) to settle a claim that the mortgage lender refused to provide financing to a lesbian couple.
The United States retains its full authority to recover losses – and penalties – caused to the federal government when a bank failed to satisfy underwriting standards on a government-insured or government-guaranteed loan, with the exception of certain faulty origination practices by Bank of America on FHA-insured loans. These claims were resolved with $1 billion as part of the settlement.
The group has filed a similar discrimination complaint against U.S. Bancorp (USB), which HUD is investigating. In June, Wells Fargo (WFC) became the first bank to settle a discrimination complaint pertaining to repossessed properties, paying $42.5 million to HUD with some of the money split among 14 private fair-housing groups.