Economy/Business News Alert: Bank of America, Justice Department reach settlement over discriminatory loans

	Wednesday, December 21, 2011 3:28:33 PM ECONOMY/BUSINESS NEWS ALERT Bank of America, Justice Department reach settlement over discriminatory loans Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers. The settlement with the U.S. Justice Department was filed Tuesday. The department says it's the largest settlement in history over residential fair lending practices. Read more at: http://www.washingtonpost.com/business/bank-of-america-to-pay-335m-in-settlement-with-doj-over-countrywide-discriminatory-loans/2011/12/21/gIQA34Uo9O_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy