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Friday, July 13, 2012

Wells Fargo to Pay $175M in Lending Settlement

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.

Wells Fargo, the nation's largest residential home mortgage originator, allegedly engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers from 2004 through 2009.

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2 comments:

  1. AnonymousJuly 13, 2012 at 12:59 PM

    I can't really blame Wells Fargo , both ethnic groups have a lot to be desired!
    They are the nations leaders in crime , they are the nations leaders in foreclosers , they lead the nation from the White House as the leader in LIARS.
    Jails 82% black ,14% hispanic , 4% white.
    Leaders in fraud from food stamps , welfare , medicare any and all government programs.

    ReplyDelete
  2. AnonymousJuly 13, 2012 at 10:27 PM

    This is just another bank shakedown by the criminal enterprise that is our government. Nothing more, nothing less.

    ReplyDelete

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