BofA Settles Claims Of Bias Against Disabled Borrowers

Law360, New York (September 13, 2012, 10:08 PM EDT) -- Bank of America NA agreed Thursday to pay $125,000 to four disabled mortgage applicants and to make payments to others it allegedly discriminated against by imposing burdensome requirements to document their disability income.

In a proposed settlement filed in North Carolina federal court, the bank agreed to pay $125,000 to the four applicants who brought complaints with the U.S. Department of Housing and Urban Development.

To end the U.S. Department of Justice's suit, it also agreed to make payments of $1,000, $2,500 or $5,000 to other...
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