Wells Fargo Pays Philadelphia $10 million – Predatory Lending
Posted onBackground: May 2017 the City of Philadelphia sued Wells Fargo accusing predatory lending violations.. Predatory Lending violates the Federal Fair Housing Act. The City alleged that, since 2004, Wells Fargo steered minority borrowers into higher cost, riskier loans than white borrowers even if they qualified for loans with better terms. The City alleged Wells Fargo […]