Bank of America fined $2 million for race discrimination

(CNNMoney) Bank of America has been fined $2.2 million for discriminating against black job candidates over two decades.

The U.S. Department of Labor has ordered Bank of America (BAC, Fortune 500) to pay up after finding that over 1,100 African-American job seekers faced discrimination at the company's offices in Charlotte, North Carolina, at various times between 1993 and 2005.

The money will be distributed to the former job applicants after a judge found that the bank applied "unfair and inconsistent selection criteria" which resulted in the rejection of qualified African-Americans, the department said in a statement.

In this particular case, the applicants had been hoping to secure entry-level administrative work and teller positions.

The judge overseeing the case also ordered the bank to offer jobs to 10 former applicants when appropriate positions become available.

Bank of America is reviewing the decision, a spokesperson said, adding that "diversity and inclusion" were pivotal to the bank's culture.

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