Gov’t charges Bank of America with discrimination( Joshua James)

February 27, 2012 (WASHINGTON) — The U.S. Department of Housing and Urban Development charged Bank of America Corp. on Monday with discriminating against three disabled borrowers in Michigan and Wisconsin.

The nation’s biggest bank is accused of violating the federal Fair Housing Act, which prohibits lenders from discriminating against disabled borrowers, among other provisions, in 2009 and 2010.

The government said Bank of America imposed “unnecessary and burdensome requirements” on borrowers who relied on disability income to qualify for their home loans, and required some disabled borrowers to provide statements from their doctors to get loans.

The Justice Department is also reviewing the case.

 

 
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This blog and its accompanying Twitter account have been established as social media learning tools for the Internal Communications and Employee Engagement class at Columbia College Chicago. Through this blog, we will share our observations about current events, change management and employee communications theory, and the application of social media in shaping employee engagement.
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