Countrywide Borrowers Lose Class Bid In 6th Circ. Bias Case

Law360, New York (January 15, 2013, 4:27 PM EST) -- The Sixth Circuit on Tuesday rejected an appeal from minority borrowers seeking class certification in a lawsuit alleging discriminatory lending practices at Countrywide Financial Corp., ruling they had not sufficiently proved they were victims of a common discriminatory scheme.

In a nine-page opinion, the Sixth Circuit upheld an October 2011 ruling that found the plaintiffs in the case had not provided sufficient evidence that Countrywide, now a unit of Bank of America Corp., had a companywide policy of overcharging black and Latino borrowers. Such evidence was...
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