United States v. Bank of America N.A. (E.D.N.Y.)

On September 11, 2020, the court entered the settlement agreement and order in United States v. Bank of America (E.D.N.Y.). The complaint, which was filed on July 23, 2020, alleges that Bank of America discriminated on the basis of disability, in violation of the FHA, through implementation of a policy that prohibited the issuance of mortgage loans to adults who had legal guardians or conservators.  The order requires the bank to maintain new policies that permit loans to adults with guardians or conservators, to ensure that employees are trained on the new policies, and to pay damages of $4,000 for each loan application that was denied as a result of the bank’s prior unlawful policy.

Press Release (7/23/20)