Bank of America Settles Antigay Discrimination Claim With HUD

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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

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 against a.

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.

Bank of America settled a claim with the Department of Housing and Urban Development over the mortgage lender’s refusal to provide financing to a lesbian couple because of their sexual.

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.

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[12] The complaint alleged the lenders certified that 39,000 loans qualified to be insured by HUD. At the time of the complaint, the government alleged that it had paid out more than $386 million.

Bank of America cooperated fully with the department’s investigation into its lending practices and agreed to settle this matter without contested litigation. The lawsuit was developed and filed by the Fair Lending Unit of the Housing and civil enforcement section in the Justice Department’s Civil Rights Division.

Civil rights groups worked to settle the two other. general thomas Perez called "discrimination with a smile," that authority was used largely on loan applications from African Americans and.

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