bank of america 05U.S. housing regulators accuse Bank of America of discriminatory lending

 

This is a thefiscaltimes.com article.

 

WASHINGTON (Reuters) – The U.S. Department of Housing and Urban Development (HUD) filed charges on Friday against Bank of America and two of its employees, saying they wrongfully discriminated against prospective Hispanic mortgage borrowers in South Carolina.

HUD said it expects its case against the bank will be heard in federal court, where a judge could potentially order the bank to pay damages, attorneys fees or other equitable relief.A Bank of America spokesperson did not have any immediate comment.This is not the first time that Bank of America has faced allegations of discrimination.

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