Bank of America Settles Antigay Discrimination Claim With HUD

Bank of America Settles Antigay Discrimination Claim With HUD

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It turns out Bank of America isn’t the only big lender in. paid $12.1 million to settle the claim by the Department of Housing and Urban Development. HUD had alleged that the company’s practices.

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 · 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.

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,

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Statement by NCLR Policy director maya rupert, Esq. HUD brought the claim alleging that Bank of America’s denial of an FHA-insured mortgage loan from an otherwise eligible florida lesbian couple because they were not married constituted discrimination based on sexual orientation and marital status.

The allegations, made in a 2017 complaint to HUD. bank. Otting served as president and CEO of OneWest from 2010 until Mnuchin sold it to CIT Bank in August 2015. Spokesmen for Mnuchin and Otting.

HUD secretary shaun donovan implemented a rule in 2012 that bans anti-LGBT discrimination in several major federal housing programs. WASHINGTON – Bank of America settled an enforcement action with the Department of Housing and Urban Development over claims of marital status and sexual orientation discrimination in Florida, the agency announced today.

Bank of America denied the loan because the woman and her partner’s mother are not related, though it was impossible for them to have legal ties, since Florida bans same-sex marriage.

On February 1, 2016, the U.S. Department of Housing and Urban Development (HUD) announced a $1.9 million settlement with a Tennessee bank for alleged violations of the fair housing act (fha). According to a complaint filed with HUD, the bank "denied loan applications submitted by African American and Hispanic borrowers at higher rates than applications submitted by non-Hispanic white.

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.

The U.S. Department of Housing & Urban Development (HUD) is charging Bank of America with discriminating against homebuyers with disabilities. HUD claims that Bank of. Fraud Enforcement Task.

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