Bank of America's Countrywide Financial business has agreed to pay a record fine of $335m (£214m, 257m euros) to settle discrimination charges.
The US justice department said around 200,000 qualified African-American and Hispanic borrowers were charged with higher rates "solely because of their race or national origin".
Dan Frahm, a Bank of America spokesman, said in a statement that the bank did not practise lending based on race.
BoA bought Countrywide in 2008.
The settlement covers conduct between 2004 and 2008, before the BoA takeover. Full story...
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The US justice department said around 200,000 qualified African-American and Hispanic borrowers were charged with higher rates "solely because of their race or national origin".
Dan Frahm, a Bank of America spokesman, said in a statement that the bank did not practise lending based on race.
BoA bought Countrywide in 2008.
The settlement covers conduct between 2004 and 2008, before the BoA takeover. Full story...
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