Wells Fargo Settles for Discriminatory Lending Practices
Posted 07/27/12
By Marlene Koury
Wells Fargo has agreed to pay $175 million to settle government charges that it discriminated against qualified African-American and Latino borrowers in its mortgage lending from 2004 through 2009. The Department of Justice (DOJ) announced the settlement on July 12, 2012, making it the second largest fair lending settlement in the DOJ’s history after its December 2011 settlement with Bank of...