HindustanTimes Mon,20 Oct 2014

Bank of America ordered to pay $2.2 mn in discrimination suit

AFP  Washington, September 24, 2013
First Published: 13:39 IST(24/9/2013) | Last Updated: 13:45 IST(24/9/2013)

A US judge has ordered Bank of America to pay nearly $2.2 million for discriminating against African-American job seekers, in a case that has been ongoing for nearly two decades.


The judge in North Carolina determined the bank had used "unfair and inconsistent" hiring practices for teller and entry-level clerical and administrative jobs, blocking qualified African-American applicants from getting jobs, the US labor department said in statement Monday.

The payout will be shared among more than 1,100 such applicants. About half the settlement will be shared among just over 1,000 applicants who were rejected for jobs in 1993, and the rest will go to 113 people who applied between 2002 and 2005.

The bank was also ordered to offer jobs to 10 of the plaintiffs "as positions become available."

"Wherever doors of opportunity are unfairly closed to workers, we will be there to open them - no matter how long it takes," said Patricia A. Shiu, director of the labor department's Office of Federal Contract Compliance Programs.

"These workers deserve to get the full measure of what is owed to them," Shiu added.

The bank is federally-insured, making it a federal contractor and thus under the authority of the agency, the statement said.

more from Banking

CCEA gives nod for IDFs to take over bank loans

In a move that could boost the cash-starved infrastruc­ture sector, the Cabinet Committee on Economic Affairs on Tuesday gave its clearance for infrastructure debt funds (IDFs) to take over existing bank loans.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved