Florida Home Loans News

Bank of America Settles Antigay Discrimination Claim With HUD

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The terms of the settlement require Bank of America to pay $1,000, After investigating the complaints, HUD undertook a broader investigation into Bank of. discriminatory practices,” said Anne M. Tompkins, U.S. Attorney of.

Walking the Fair Housing beat Written by: Shantae Goodloe Just as a police officer enforces the law, an Equal Opportunity Specialist at HUD enforces the Fair Housing Act that prohibits discrimination in the sale or rental of housing based on race/color, national origin, disability, religion, family status, and gender.

On July 29, 2016, the Department of Housing and Urban Development (HUD) announced a settlement with a bank concerning allegations that they denied loan approval to a woman on maternity leave in violation of the Fair Housing Act (FHA). The woman had applied for a home equity line of credit, but the bank allegedly told the her that she would have to return to work before the bank would approve.

HUD has reached a $5 million settlement with Wells fargo home mortgage to resolve allegations of maternity leave-based discrimination.. Bank of America settled with HUD for $45,000 to resolve.

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Bank of America denied the loan because the woman and her partner’s mother are not related, though it was impossible for them to have legal ties, since Florida bans same-sex marriage.

Bank Of America Settles Maternity Discrimination Claim. A recent press release found at the official site for FHA/HUD announces, "Bank fund will compensate women denied loans because they were pregnant or on maternity leave".

Bank of America spokesman Terry Francisco said the National Fair Housing Alliance had not provided the bank with details of its complaint. He said if HUD pursued. $335 million in a settlement with.

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On February 1, 2016, the U.S. Department of Housing and Urban Development (HUD) announced a $1.9 million settlement with a Tennessee bank for alleged violations of the Fair Housing Act (FHA). According to a complaint filed with HUD, the bank "denied loan applications submitted by African American and Hispanic borrowers at higher rates than applications submitted by non-Hispanic white.

Last week, HUD announced that it had come to an agreement with Bank of America to settle the claim of discrimination under the new Equal Access to Housing rule. The rule, which went into effect in March 2012, explicitly bans discrimination based on sexual orientation, gender identity or marital status under the department’s housing programs.

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