Rev. Jesse Jackson Sr. on Bank of America settling Countrywide Financial discrimination suit

Bank of America, the largest bank in the U.S., has agreed to pay $335 million to settle a discrimination lawsuit. The suit charged that Countrywide Financial, which was purchased by Bank of America in 2008, discriminated against minorities by steering them towards high-risk sub-prime mortgages from 2004 to 2008 even though they qualified for less-risky … Continue reading Rev. Jesse Jackson Sr. on Bank of America settling Countrywide Financial discrimination suit