WASHINGTON — The Department of Justice will sue Wells Fargo bank for preying on African American borrowers and giving them high cost sub prime loans.
The Huffington Post reports:
In an April 5 report to Congress, Perez’s unit said that some of these investigations would lead to lawsuits or settlements this year.
“We’re a majority African American community, and there are people in this city who take great offense when institutions take advantage of a community’s historical lack of access to credit, and in some cases lack of sophistication, by putting them in loans they can’t afford,” said George Nilson, Baltimore’s city solicitor. “It’s offensive behavior and we shouldn’t tolerate it.”
Read The Whole Story At The Huffington Post
City Of Baltimore Sues Wells Fargo For Racist Lending
Wells Fargo Accepting Applications For Black Business Owner Award
Rihanna And H.E.R. Invest In Black Woman-Owned Business
Jacky Oh, Mother Of DC Young Fly's Children, Dies Following Plastic Surgery: Report
Plastic Surgeon Linked To Jacky Oh Is 'Liposuction & BBL Specialist' With Negative Online Reviews
Heart In Your Hands: Important Lifestyle Changes For Heart Failure Recovery
Mother Of Teen In Citi Bike Video Speaks Out: ‘No One Bothered To Ask Him What Happened’
Arrested! Ajike 'AJ' Owens' Killer Susan Lorincz Finally Charged In Allegedly Racist Shooting
Porn Star Accuses Zion Williamson Of Infidelity As NBA Star Announces He's Going To Be A Father
GoFundMe Surges For Teen In 'Citi Bike Karen' Incident