Banking
Apr. 10, 2010
Wells Fargo Settles With NAACP Over Lending Rules
Wells Fargo agreed late Wednesday to overhaul its lending practices and work with borrowers to avert foreclosures to settle a lawsuit accusing it of targeting black borrowers for expensive subprime loans during the recent housing boom.
Daily Journal Staff Writer
Wells Fargo agreed late Wednesday to overhaul its lending practices and work with borrowers to avert foreclosures as part of its settlement of a lawsuit accusing it of targeting black borrowers for expensive subprime loans during the recent housing boom.
The San Francisco-based Wells Fargo Bank, N.A., one of the largest lenders in the U.S., was the first financial institution to...
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