Tuesday, July 25, 2017
Tags Wells Fargo

Tag: Wells Fargo

Supreme Court Ruling Gives Green Light for...

Cities can now sue banks over predatory mortgage lending to nonwhite borrowers, thanks to a recent ruling by the U.S. Supreme Court. The court ruled...

8 Major American Banks That Got Caught...

JPMorgan Chase & Co. JPMorgan Chase & Co. has been accused of discriminatory practices by both the city of Miami and the city of Los...

Black-Owned Banks’ Inability To Modernize Services Creates...

There are 19 Black-owned banks in America, and almost all of them are in survival mode, still suffering from the economic downturn that ravaged...

Wells Fargo Denied Request to Dismiss LA...

A federal judge has denied Wells Fargo's latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of...

Consumer Groups Try to Stop Banks From...

The Center for Responsible Lending (CRL) sent correspondence to the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency...

Harlem Shake Video Lands Wells Fargo Employees...

A Wells Fargo spokesperson says the bank does not approve of a Harlem Shake video shot inside an Atlanta branch that has gone viral...

Major Banks Profit From Payday Loans; African-Americans...

As many states crack down on so-called "payday" loans, a new report reveals that major banks like JP Morgan Chase, Bank of America and...

ACLU To Sue Morgan Stanley For Subprime...

The American Civil Liberties Union is accusing financial services giant Morgan Stanley of fueling the production of risky, expensive loans that targeted African-American borrowers. In...

Government Sues Wells Fargo For Decade Of...

The U.S. government is suing Wells Fargo over claims that the bank made reckless home mortgage loans for a decade. In a lawsuit filed Tuesday...

Wells Fargo Agrees to Pay $175 Mil...

WASHINGTON — Wells Fargo, the nation’s largest home mortgage lender, has agreed to pay at least $175 million to settle accusations that its independent...

Wells Fargo Accused of Targeting Blacks with...

In the years since the collapse of the housing market, allegations of racial impropriety by America’s largest banks continue to surface. The latest claims...

Blacks In Memphis Get Pennies From Wells...

Wells Fargo & Co has promised $432.5 million in lending and other payments to end a lawsuit accusing the bank of discriminatory lending practices...