Bank Of America Scores Early Victory In FHA Lending Bias Suit

By Hailey Konnath (February 11, 2022, 11:25 PM EST) – An Illinois federal judge has sided with Bank of America in a longstanding lawsuit alleging discriminatory lending practices, ruling that Cook County of the state has presented insufficient evidence to link the financial institution’s alleged conduct to the county’s alleged injuries.

U.S. District Judge Elaine E. Bucklo granted summary judgment in favor of Bank of America, along with its Countrywide and Merrill Lynch units, ending the nearly eight-year-old case on Thursday. Specifically, the judge said Cook County failed to sufficiently allege that Bank of America and its units engaged in a coordinated scheme to cause defaults and foreclosures by…

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