Bank of America Fined $2 Million for Race Discrimination


Alanna Petroff
CNN Money
September 24, 2013

Bank of America has been fined $2.2 million for discriminating against black job candidates over two decades.

The U.S. Department of Labor has ordered Bank of America to pay up after finding that over 1,100 African-American job seekers faced discrimination at the company’s offices in Charlotte, North Carolina, at various times between 1993 and 2005.

The money will be distributed to the former job applicants after a judge found that the bank applied “unfair and inconsistent selection criteria” which resulted in the rejection of qualified African-Americans, the department said in a statement.

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