Wednesday, May 22, 2019

Countrywide Agrees to Pay $335M in Landmark Case over Discriminatory Lending Practices Against Latinos

In the largest residential fair-lending settlement in history, Bank of America’s Countrywide Financial Corporation has agreed to pay $335 million to settle a dispute over allegations of systemic discrimination against qualified Latino and African-American borrowers. Latinos made up about two-thirds of the cases investigated by the Department of Justice, which reviewed over 200,000 cases across 41 […]