AOL.com Video - B of A's Historic Bias Settlement

VIDEO:News

B of A's Historic Bias Settlement

Description:A record $335 million dollar settlement in the civil mortgage bias case against Bank of America. The case settles allegations that its Countrywide unit discriminated against minority homebuyers, by steering minorities to subprime mortgages and charging higher fees than to white borrowers. At a press conference in Washington DC, Attorney General Eric Holder said it was the largest residential fair lending settlement in history. (1:22)

Source: Reuters

Tags: Bank of America , bank of america bias settlement , bank of america settlement , eric holder