Recently the U.S. Department of Housing and Urban Development (HUD) announced an agreement with Bank of America (BOA) to settle a claim that the mortgage lender refused to provide financing to a lesbian couple. The agreement is the first enforcement action. continue reading
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DISPARATE IMPACT AND MORTGAGE LENDING: A BEGINNER’S GUIDE. A. LEX . G. ANO *. granted certiorari in Bank of America v. City of Miamito address a pair of discrete issues in this area. This Comment. of their claims focused almost entirely on the intentional discrimination claims.
· discrimination claim under the FHA, citing sex stereotyping. However, the court made clear that it was not finding that there was sex stereotyping in violation of the FHA due to discrimination based solely on one’s sexual orientation or gender identity, as the court did not feel as though those theories had not been pled.
February 1, 2013 Comments Off on Bank of America settles LGBT discrimination claim Bank of America will pay $7,500 to settle the first action to enforce the U.S. Department of Housing and Urban Development’s new rule prohibiting home lenders from discriminating based on sexual orientation or gender identity.
The U.S. Department of Housing and Urban Development announced today an agreement with Bank of America to settle an LGBT discrimination claim that the mortgage lender refused financing to.
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NFHA v. BOA. This fair lending complaint, filed with HUD, alleges that Bank of America of discrimination based on national origin by treating the Hispanic testers less favorably than the non-Hispanic testers. This complaint was charged by HUD. Read about the settlement here.
Bank of America agreed to pay $161,180 to settle accusations. Council of Orange County, a HUD-funded group that received the woman’s complaint. Bank of America also will set up a $100,000 fund to.
· ”If HUD changes its rule on disparate impact, that could open the door for lenders to further discriminate against borrowers,” Shapiro said in a statement. “Redlining and other forms of housing discrimination are wrong, and they harm individuals seeking mortgages or housing.