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Grand Junction Celebrates Annual Wells Fargo Tree Lighting by
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kirkt said on Saturday, Nov 17 at 6:14 AM
U.S. Government Sues Wells Fargo In Mortgage Case October 9, 2012 The government alleges the bank knew some loans it issued did not meet federal requirements. Wells Fargo Bank agreed to pay at least $175 million Thursday to resolve allegations it discriminated against black and Latino home buyers, in what the Justice Department called the second largest settlement over fair lending violations. The bank allegedly charged minority borrowers higher rates and fees and sometimes steered them into subprime loans when they would have qualified for regular loans, Justice Department officials said. At least 34,000 people may have been victimized by the practices in 36 states and the District
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