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Tag Archives: DIscriminatory Lending

Bank of America Victorious in Discriminatory Lending Lawsuit

Los Angeles sued Bank of America, one of the nation's largest lenders and servicers of residential mortgages, in December 2013. The lawsuit accused the bank of predatory lending in the run-up to the 2008 financial crisis, saying the terms of mortgage loans offered to minorities were less favorable than those offered to Whites.

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