Metro counties sue Bank of America for 'hundreds of millions'

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Metro counties sue Bank of America for ‘hundreds of millions’

Metro counties sue Bank of America for ‘hundreds of millions’

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Three metro Atlanta counties claim in a lawsuit that Bank of America and related companies resorted to abusive mortgage lending practices that targeted black and Latino homeowners.

They seek “hundreds of millions of dollars” in damages to offset lost tax revenue and other public costs they claim stemmed from the practices.

The lawsuit, filed in U.S. District Court in Atlanta, is one of several such suits across the nation that counties and cities have filed against major banking companies since the 2007-2009 real estate crash.

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