Bank of America Sued Over Arbitration
Bank of America was sued by a former financial adviser challenging a mandatory arbitration policy. The lawsuit claims the policy violates a 2013 racial bias settlement commitment. The plaintiff alleges she faced gender and age discrimination before being fired.
Insights:
Bank of America faces a lawsuit from a fired financial adviser accusing the second-largest bank in the United States of violating a 2013 racial bias settlement. The complaint tests the enforceability of mandatory arbitration clauses in discrimination claims. The outcome could reshape how major financial institutions handle employee disputes nationwide.
