BofA Borrower’s Wife Waived Right To ECOA Claims: 4th Circ.

Law360, New York (October 31, 2013, 12:49 PM EDT) -- The Fourth Circuit on Wednesday affirmed a ruling barring a woman from suing Bank of America Corp. under the Equal Credit Opportunity Act for requiring her to be a guarantor on several loans for her husband's company, finding that she waived the right to sue when she signed the loans.

In the published opinion, the appeals panel found that even though Bank of America may have discriminated against Kellie Ballard based on her marital status to Michael Ballard by requiring her to sign the loans for...
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