(Tero Vesalainen / Shutterstock)
Bank of America has announced it will pay $4.2 million in back wages and interest after the US Department of Labor found the banking company allegedly discriminated against hiring minority applicants.
The Labor Department’s Office of Federal Contract Compliance Programs (OFCCP) alleged the bank, based in Charlotte, North Carolina, discriminated against Black, Latino, and women applicants for positions like phone representative, client service, mortgage underwriter, telephone sales associate, and sales specialist, according to a statement from the Labor Department on September 27.
“This is one of the largest settlements in OFCCP history, and this result will further the goal of equal employment opportunity,” OFCCP Director Craig E. Leen said in the statement.
OFCCP Southeast Regional Director Samuel B. Maiden added, “Federal contractors must comply with equal employment opportunity laws in their hiring and compensation practices.”
The Labor Department described the terms of the settlement, which include the…
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