Bank of America Settles Antigay Discrimination Claim With HUD
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A new housing discrimination complaint. is no doubt the NFHA has targeted Bank of America, which it claims has reduced Latino market share in the region compared with its banking peers. The group.
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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.
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.
It will be up to HUD to look into the claims and either arrive at a settlement agreement with the bank, dismiss the complaint or issue a charge of discrimination. The Department of Justice can then.
The U.S. Department of Housing & Urban Development (HUD) 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 agreement is the first enforcement action taken against a lender involving HUD’s recent rule ensuring that the Department’s core housing programs be open to all eligible persons.
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Wells Fargo & Co., the largest U.S. mortgage lender, faces a U.S. probe over claims. loan discrimination after the housing bust led to record defaults. The U.S. has conducted at least two other.
Credit courtesy U.S. Housing and Urban Develompment / HUD. Anti-gay rights advocates say no law is necessary because there are no. to check on complaints or suspicion of discrimination based on race, marital. “In early January, we had our first settlement under the LGBT rule with Bank of America.
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 a lesbian.
WASHINGTON – 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. It prohibits.
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