. Hawai’i Housing Group Sues Bank of America Over Broken $150 Million Commitment « JO LEE MAGAZINE

NATIVE NEWS ONLINE – On May 31, a Hawaiian housing advocacy group filed a lawsuit in federal district court in Honolulu against the Bank of America, demanding almost $850 million for the total direct and indirect losses from a loan commitment the bank failed to fulfill to Native Hawaiians in the 1990s. The Maui-based nonprofit group, Nā Po‘e Kōkua, had in 1993 opposed Bank of America’s application to acquire a local bank, citing evidence that it was denying loans for homes on Hawaiian home lands, public lands the state leases to homesteaders who are at least 50% Native Hawaiian.

Breaking News at NATIVE NEWS ONLINE

World on the Run | Jo Lee Magazine

 





Comments are closed.

 

 


hey