Hawaii lawsuit puts hitch in big bank merger


MSNBC.com has a story on the lawsuit filed by Hawaii Fair Lending Coalition against the Bank of America - FleetBoston merger:

Hawaii Fair Lending Coalition "is among a group of Native Hawaiians aiming to block the multibillion-dollar merger between FleetBoston Financial Corp. and Bank of America until $150 million in lending commitments are met. ... The suit... claims that Bank of America has failed to uphold loan commitments designed to aid homeownership by Native Hawaiians. It asks the Federal Reserve to compel BofA to offer the loans, which were part of a program setup in the mid-1990s after BofA was accused of discriminating against ethnic Hawaiians in mortgage lending."


Posted: Sat - February 14, 2004 at 10:08 AM    
   
 
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Published On: Dec 27, 2005 10:14 PM
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