Bank of America Settles Antigay Discrimination Claim With HUD

Respondent denies discriminating against Complainant, but agrees to settle the claims in the underlying action by entering into this Conciliation Agreement C. EFlet,CTTVE DATE 1. The parties expressly agree that this Agreement constitutes neither a binding contract under state or federal law nor a Conciliation Agreement pursuant to the

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Bank of America to Pay $160,000 to Settle Maternity discrimination claim june 11, 2012 by Jeff Dillman On June 7, 2012, the U.S. Department of Housing and Urban development (hud) announced that Bank of America agreed to pay up to $161,180 to settle allegations that one of the bank’s brances in San Jose, California, refused to refinance the.

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.

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.

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.

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.

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Bank of America to Pay $160,000 to Settle Maternity Discrimination Claim June 11, 2012 by Jeff Dillman On June 7, 2012, the U.S. Department of Housing and Urban Development (HUD) announced that Bank of America agreed to pay up to $161,180 to settle allegations that one of the bank’s brances in San Jose, California, refused to refinance the.