Hi there,

Democracy Now!’s independent journalism is more vital than ever. We continue to spotlight the grassroots movements working to keep democracy alive. No time has been more crucial to amplify the voices that other outlets ignore. Please donate today, so we can keep delivering fact-based, fearless reporting. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Bank of America Settles Countrywide Bias Case with $335M Fine

HeadlineDec 22, 2011

Bank of America has agreed to pay a $335 million settlement over allegations its Countrywide Financial division discriminated against black and Hispanic borrowers. The Justice Department says the settlement is the largest of its kind in history. Investigators found Countrywide charged higher rates to more than 200,000 people of color compared to white borrowers with similar credit. It also found Countrywide directed more than 10,000 minorities toward more expensive subprime mortgages, while giving white borrowers with similar credit regular loans.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top