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Bank of America to pay $335 million damages for charging minorities higher interest rates.

 
scallywag
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User ID: 7340134
United States
12/22/2011 11:50 AM
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Bank of America to pay $335 million damages for charging minorities higher interest rates.
In a gesture towards absolving itself of further liability or guilt, Bank of America has agreed to pay $335 million for the apparent misdeeds of its mortgage division, Countrywide Financial who effectively price gouged low income earners and minorities by charging them higher interest rates than other customers as well as placing them in inappropriate loans.

Shouldn’t you be switching to Bank of America soon too? Minorities and ill informed citizens preferred…

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Anonymous Coward
User ID: 6930006
United States
12/22/2011 12:05 PM
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Re: Bank of America to pay $335 million damages for charging minorities higher interest rates.
Obongo hands B of A billions (TARP) = B of A hands Obongo-bots millions.

Redistribution.
ceawaves

User ID: 6976470
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12/22/2011 12:14 PM
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Re: Bank of America to pay $335 million damages for charging minorities higher interest rates.
it's pay back money.. and or money laundering..Last i checked there's not place to list your race on a loan app...
indiandave

User ID: 1507376
United States
12/22/2011 12:16 PM
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Re: Bank of America to pay $335 million damages for charging minorities higher interest rates.
Most of it will go to the lawyers I bet.
Anonymous Coward
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12/22/2011 12:16 PM
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Re: Bank of America to pay $335 million damages for charging minorities higher interest rates.
Whom, do they pay this money ??????????????





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