Bank of America to pay $335 million for violation fair lending rules

Note: This section contains information in English only.
Source: Bloomberg

Bank of America Corp. will be forced to pay $335 million to reimburse borrowers of Countrywide Financial Corp as they were required to pay higher interest rates and fees for mortgages. Countrywide which was acquired by BOA in 2008 charged higher interest rates and fares to around 200 000 Hispanic and black borrowers, said US Department of Justice.

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