Settlement Reached with B of A over Alleged Discrimination against Loan Applicants Receiving Social Security Disability Benefits

Saturday, Mar. 23rd 2013 8:14 AM

Bank of America N.A. has been charged with violating the Fair Housing Act and the Equal Credit Opportunity Act for discriminating against home loan applicants who receive Social Security Disability Insurance (SSDI). The bank asked applicants to provide details of their medical conditions and required a letter from their doctor documenting the income they received from SSDI. The bank has also agreed to revise its policies on documenting disability income, hold employee trainings and pay monies to the loan applicants who were affected by the alleged misconduct.

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)
Settlement Reached with B of A over Alleged Discrimination against Loan Applicants Receiving Social Security Disability Benefits, 5.0 out of 5 based on 1 rating
Posted on Saturday, Mar. 23rd 2013 8:14 AM | by Share of Cost | in Share of Cost | No Comments »

Leave a Reply