The Wall Street Journal Dec 22 2011, p. C1
[Excerpted] "Bank of America Corp will pay $355 million to settle allegations that its Countrywide Financial Corp. unit discriminated against black and Hispanic borrowers, in the largest residential fair-lending settlement in history.
The agreement, announced on Wednesday, involves more than 210,000 minority borrowers who were charged higher fees or who could have qualified for a prime mortgage, one offered to borrowers with the best credit history, but were instead were steered into subprime loans..."
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