Bank Of America Agrees To Pay $4.2M Over Alleged Discrimination
Bank of America has agreed to pay $4.2 million in back wages and interest after the U.S. Department of Labor found evidence of “alleged hiring discrimination” against job applicants from minority Black, Latino and female applicants.
The Department of Labor’s Office of Federal Contract Compliance Programs said the bank minorities were discriminated against when applying for phone representative, client service, mortgage underwriter, phone sales and sales specialist positions at the bank.
The alleged discrimination was evident in various states including New Jersey, Florida, Georgia, and Texas.
Bank of America disagrees with allegations
Bank of America said it did not agree with the allegations and is confident that its hiring practices were appropriate.
“These reviews occurred between six and 10 years ago in a small number of offices. We decided it was best to put this matter behind us by reaching this resolution,” BofA said.
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Bank of America has paid more than $210 million in disclosed settlement agreements to resolve discrimination claims since 2000, according to a report by advocacy group Good Jobs First.
Bank of America, Dell and Goldman Sachs have each been the subject of prior discrimination claims.