Bank of America fined for sexual orientation discrimination under US Dept. of Housing & Urban Development's "Equal Access" rule
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Author: Stephen Feller, Newsmax
Bank of America has been fined by the Department of Housing and Urban Development in the agency’s first enforcement action under anti-discriminatory rules that went into effect last year. The financial institution will make an “administrative payment” to HUD for denying a mortgage to a couple based on their sexual orientation and marital status…BofA will make the $7,500 payment, as well as add information to its employee manual regarding the HUD’s Equal Access Rule…"This agreement demonstrates that HUD will vigorously enforce its Equal Access rule…By the same token, BofA should be commended for stepping up and taking immediate corrective action after HUD notified BofA of the violation," said Helen Kanovsky, HUD’s general counsel.
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[US Department of Housing and Urban Development] Announces Agreement with Bank of America to Settle LGBT Discrimination Claim
Author: US Department of Housing and Urban Development
The U.S. Department of Housing and Urban Development today announced an agreement with Bank of America (BOA) to settle a claim that the mortgage lender refused to provide financing to a lesbian couple. The agreement is the first enforcement action taken against a lender involving HUD’s recent rule ensuring that the Department’s core housing programs be open to all eligible persons, regardless of sexual orientation, gender identity, or marital status.