May

BofA Beats Los Angeles Claims Over Predatory Minority Loans

Bank of America Corp. can’t be sued by Los Angeles over claims it flooded minority neighborhoods with high-cost, predatory loans.

A federal judge threw out the case, saying the city hadn’t shown it was harmed. The city’s lawsuits against three other banks remain pending.

“The city has no evidence that it has suffered any damages as a result of defendants’ allegedly discriminatory loans,” U.S. District Judge Percy Anderson said in a May 11 ruling made public Thursday…

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BofA Beats Los Angeles Claims Over Predatory Minority Loans

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