February 01, 2021
Bank of America NA and its wealth management division Merrill Lynch & Co. Inc. on Monday escaped a lawsuit for now over their shutdown of an account holding federal coronavirus relief funds, with a federal judge ruling that the account controllers didn't back up their claims that the closures were fueled by racism.
November 10, 2020
Bank of America on Monday asked a New Jersey federal judge to toss a lawsuit that claims the bank discriminated against minorities and women when it closed accounts holding $100 million in federal Paycheck Protection Program funds, saying it did so because of unauthorized lending out of a deposit account.