Tuesday, April 18, 2017

Bank of America agrees to pay $1M to settle racial discrimination case - CHARLOTTE OBSERVER

Originally published: April 17, 2017
Publisher:  CharlotteObserver.com

Bank of America will pay $1 million in back wages to more than 1,000 black job applicants to settle a 24-year-old discrimination case involving Charlotte predecessor NationsBank, the U.S. Department of Labor announced Monday.

The settlement follows a 1993 Labor Department review of NationsBank’s Charlotte office in which DOL reported “systemic” hiring violations against black applicants for entry-level jobs. The department said its review, conducted by a DOL office that protects workers from employment discrimination by federal contractors, determined NationsBank discriminated against applicants for clerical, teller and administrative jobs.

Charlotte-based Bank of America – the result of the 1998 merger of Charlotte’s NationsBank and San Francisco’s BankAmerica – doesn’t admit liability in reaching the deal, the Labor Department said.