Bank of America Agrees to Record $335M Fair-Lending Deal –

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Bank of America Corp. (BAC) will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin. Countrywide, acquired by Bank of America in 2008, assessed higher fees and interest rates to more than 200,000 Black and Hispanic borrowers, the U.S. Department of Justice said yesterday in a statement.

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