BofA in $335M settlement over Countrywide loans

Bank of America sign is shown at a branch at the Bank of America Center in San Francisco (AP Photo/Eric Risberg)

December 22, 2011 12:37:08 PM PST
Bank of America 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 on home loans.