- I-5 Design and Manufacture
Between ad-pulling from a TV show about Muslim families to bias settlements with minority homebuyers, Charlotte-area companies have been hitting the bigot lottery lately.
From MSNBC.com:
Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass.
…
The settlement covers conduct between 2004 and 2008 before the acquisition by Bank of America, and involves a range of alleged wrongdoing including charging African-Americans and Hispanics higher interest rates and fees and steering some to more expensive subprime mortgages.
Read more about breaking story here.
This article appears in Dec 20-26, 2011.
