Mass. Attorney General press release is HERE: link HERE is to actual complaint as filed.
From AG's press release:
"Option One and H&R Block used a pricing policy, that encouraged employees and brokers to use subprime loans even for prime-rated borrowers, and gave black and Latino consumers more costly loan terms than those provided to similarly situated white borrowers. The complaint alleges that across Option One and H&R Block loans in Massachusetts, black and Latino borrowers were charged an average of several hundred dollars more in points and fees than other similar borrowers, resulting in millions of dollars of total excess fees. This price disparity is not explained by borrower credit scores or other risk-related characteristics or the amount of the loan, the overall cost of the loan, or variation in other components of the price of the loan, such as the note rate. In some instances, the black or Latino borrowers paid double in points and fees than white borrowers paid."
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