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A press release on the FHA/HUD official site announces a settlement in a disability discrimination claim brought by HUD against U.S. Bank. According to HUDNo.13-008, "Minnesota-based U.S. Bank National Association will pay $12,000 to a loan applicant with disabilities under a Conciliation Agreement settling allegations that the bank required him to provide unnecessary documentation to.
HUD brought the claim alleging that Bank of America’s denial of an FHA-insured mortgage loan from an otherwise eligible florida lesbian couple because they were not married constituted discrimination based on sexual orientation and marital status.
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Bank Of America Agrees To Pay $7,500 In Anti-Gay Housing Discrimination Claim The "administrative payment" to the Department of Housing and Urban Development is the first enforcement action under a rule that went into effect in 2012.
· Fair housing groups file discrimination complaint against Bank of America. The complaint followed an undercover investigation which found that the bank maintains and markets foreclosed homes in white neighborhoods better than in black and Hispanic neighborhoods in Chicago, Indianapolis and Milwaukee, according the National Fair Housing Alliances.
WASHINGTON-Attorney General Eric Holder, FBI Director Robert Mueller, Housing and Urban development inspector general (HUD-OIG) Kenneth M. Donohue, and other members of the Financial Fraud Enforcement.
WASHINGTON – The U.S. Department of Housing and Urban Development today announced an agreement with Bank of America (BOA) to settle a claim that. information on HUD’s rule. If you believe you have.
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.
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In January, HUD accused Bank of America of discrimination based on national origin by treating the Hispanic testers less favorably than the non-Hispanic testers, which would qualify as a violation of the Fair Housing Act. As a result of those charges, Bank of America and the NFHA reached a settlement.