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Bank Of America Minority Home Loan Settlement – $335 Million

Posted By admin On December 23, 2011 @ 4:11 am In Money Watch | Comments Disabled

Young Turks [1]
December 23, 2011

Bank Of America has agreed on a $335 million dollar settlement after claims that it’s Countrywide Financial unit gave higher interest rate loans to black and Latino borrowers regardless of their credit score. The Young Turks host Cenk Uygur breaks it down.

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[1] Young Turks: http://www.youtube.com/watch?v=ESGUeOijpH4&feature=player_embedded

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