Washington, DC, United States (4E) – Bank of America has been ordered to pay nearly $2.2mn for discriminating against more than 1,100 black job applicants.
Judge Linda Chapman of the Labor Department ordered the bank to pay $964,000 to more than 1,000 applicants from 1993 and $1.22mn to 113 job seekers who were rejected from 2002 to 2005, according to a statement released Monday by the agency. The bank also was told to make 10 job offers. Last month, Bank of America also settled separate claims of gender and racial discrimination at its Merrill Lynch unit.
The judge ruled that the bank made unfair and inconsistent practices for its hiring process, which led to several qualified black applicants being denied for teller and entry-level clerical and administrative roles in the firm.
The origin of the Labor Department complaint came from a routine review of the company’s hiring practices at its Charlotte, North Carolina office, according to the statement. When talks went nowhere, the government charged the firm with an administrative complaint in 1997, saying that banks that are federally insured are covered by laws for U.S. contractors, according to the regulator.
Bank of America, the nation’s second-largest bank by assets, said it is studying the decision and order by Labor Department.