Fifteen states ban payday loans, but a growing number of lenders have, of course, found a way around those bans, often with the assistance of major banks, including JPMorgan Chase, Bank of America and Wells Fargo. Payday loan companies have set up online operations in states where the practice is still legal and have outsourced [...]
Wells Fargo’s $175 Mil Racial Discrimination Settlement: Too Little, Too Late?
July 20, 2012 | Posted by
The mortgage crisis of 2008 has revealed the true color of money: black and white. On July 12, Wells Fargo — the largest residential mortgage lender in the United States — agreed to a $175 million settlement in a racial-discrimination suit brought by the Department of Justice. The case originated with charges first alleged by [...]
