July 23, 2020 / 7:33 PM / 14 days ago

BofA to pay about $300,000 to resolve claims of disability discrimination -DOJ

WASHINGTON, July 23 (Reuters) - Bank of America has agreed to pay an estimated $300,000 to resolve claims it discriminated against and had a policy of denying mortgage and home equity loans to adults with disabilities, the U.S. Department of Justice said on Thursday.

The firm’s North American unit has agreed to pay about $4,000 per loan to eligible loan applicants who were affected by the discriminatory policies, which prosecutors allege began in January 2010 and ran for several years, the Justice Department said in a statement. The settlement with the Justice Department and the U.S. attorney for the Eastern District of New York is subject to court approval. (Reporting by Chris Prentice; Editing by Leslie Adler)

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